Able Academy Inc
Able Academy Inc maintains stable finances with consistent surpluses and no reported executive compensation.
EIN: 203571795 · Naples, FL · NTEE: E99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $1.3M |
| Program Spending | 85% |
| Net Assets | $1.7M |
| Transparency Score | 90/100 |
Is Able Academy Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Able Academy Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Able Academy Inc
Able Academy Inc (EIN: 203571795) is a nonprofit organization based in Naples, FL, classified under NTEE code E99. The organization reported total revenue of $1.3M and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Able Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Able Academy Inc is a mid-size nonprofit that has been operating for 19 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $1.3M |
| Surplus / Deficit | +$30K |
| Total Assets | $1.7M |
| Total Liabilities | $13K |
| Net Assets | $1.7M |
| Operating Margin | 2.2% |
| Debt-to-Asset Ratio | 0.8% |
| Months of Reserves | 15.2 months |
Financial Health Grade: A
In 2023, Able Academy Inc reported a surplus of $30K with revenue exceeding expenses, holds 15.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.8% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Able Academy Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.2% | +6.4% | -0.7% |
| 2022 | -0.9% | +3.0% | +6.6% |
| 2021 | +18.0% | +2.7% | -2.2% |
| 2020 | -41.5% | -43.2% | +7.6% |
| 2020 | +46.4% | +70.1% | +0.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Able Academy Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Able Academy Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $30K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.8%.
Executive Compensation Analysis
Able Academy Inc consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly unusual and suggests a volunteer-led executive structure or that compensation is reported under other expense categories, though the former is more likely given the consistent reporting.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Able Academy Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided summary data, making precise efficiency calculations difficult.
Strengths
The following positive indicators were identified for Able Academy Inc:
- Consistent financial surpluses in recent years (e.g., $30,035 in 202312, $80,794 in 202212).
- Zero reported officer compensation, indicating a strong commitment to directing funds to mission.
- Growing asset base ($1,704,330 in 202312) and very low liabilities ($13,072 in 202312), demonstrating strong financial health.
- Stable revenue streams over multiple years, suggesting reliable funding.
- Consistent IRS 990 filings, indicating good transparency.
Frequently Asked Questions about Able Academy Inc
Is Able Academy Inc a legitimate charity?
Able Academy Inc (EIN: 203571795) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 90/100. It has 12 years of IRS 990 filings on record. Total revenue: $1.3M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Able Academy Inc spend its money?
Able Academy Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Able Academy Inc tax-deductible?
Able Academy Inc is registered as a tax-exempt nonprofit (EIN: 203571795). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Able Academy Inc's spending goes to programs?
Able Academy Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Able Academy Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Able Academy Inc is above average for NTEE category E99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Able Academy Inc located?
Able Academy Inc is headquartered in Naples, Florida and files with the IRS under EIN 203571795. It is classified under NTEE code E99.
How many years of IRS 990 filings does Able Academy Inc have?
Able Academy Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.3M in total revenue.
Is Able Academy Inc financially stable?
Yes, Able Academy Inc is financially stable. It has consistently generated surpluses in recent years (e.g., $30,035 in 202312, $80,794 in 202212) and maintains growing assets ($1,704,330 in 202312) with very low liabilities ($13,072 in 202312).
Does Able Academy Inc pay its executives?
Based on the provided IRS 990 data, Able Academy Inc consistently reports 0% officer compensation, suggesting that its executives are not compensated or that compensation is reported differently.
How has Able Academy Inc's revenue trended?
Able Academy Inc's revenue has been remarkably stable, hovering around $1.3 million to $1.4 million in recent years, with a peak of $1,970,475 in 201312 and $1,966,784 in 202006, indicating a consistent funding base.
Filing History
IRS 990 filing history for Able Academy Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Able Academy Inc's revenue has grown by 51.3%, moving from $909K to $1.4M. Total assets increased by 444.1% over the same period, from $313K to $1.7M. Total functional expenses rose by 76.8%, from $761K to $1.3M. In its most recent filing year (2023), Able Academy Inc reported a surplus of $30K, with revenue exceeding expenses. The organization holds $13K in liabilities against $1.7M in assets (debt-to-asset ratio: 0.8%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $1.3M | $1.7M | $13K | — | — |
| 2022 | $1.3M | $1.3M | $1.7M | $30K | — | View 990 |
| 2021 | $1.4M | $1.2M | $1.6M | $6K | — | View 990 |
| 2020 | $1.2M | $1.2M | $1.6M | $172K | — | View 990 |
| 2020 | $2.0M | $2.1M | $1.5M | $305K | — | — |
| 2019 | $1.3M | $1.2M | $1.5M | $897 | — | View 990 |
| 2018 | $1.2M | $977K | $1.4M | $14K | — | View 990 |
| 2017 | $1.0M | $1.1M | $1.2M | $17K | — | — |
| 2016 | $1.1M | $1.1M | $1.3M | $22K | — | View 990 |
| 2013 | $2.0M | $1.0M | $1.2M | $17K | — | View 990 |
| 2012 | $767K | $891K | $196K | $10K | — | View 990 |
| 2011 | $909K | $761K | $313K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $1.3M, and assets of $1.7M (revenue +2.2% year-over-year).
- 2022: Revenue of $1.3M, expenses of $1.3M, and assets of $1.7M (revenue -0.9% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.2M, and assets of $1.6M (revenue +18.0% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.2M, and assets of $1.6M (revenue -41.5% year-over-year).
- 2020: Revenue of $2.0M, expenses of $2.1M, and assets of $1.5M (revenue +46.4% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.2M, and assets of $1.5M (revenue +14.5% year-over-year).
- 2018: Revenue of $1.2M, expenses of $977K, and assets of $1.4M (revenue +12.8% year-over-year).
- 2017: Revenue of $1.0M, expenses of $1.1M, and assets of $1.2M (revenue -3.6% year-over-year).
- 2016: Revenue of $1.1M, expenses of $1.1M, and assets of $1.3M (revenue -45.2% year-over-year).
- 2013: Revenue of $2.0M, expenses of $1.0M, and assets of $1.2M (revenue +157.0% year-over-year).
- 2012: Revenue of $767K, expenses of $891K, and assets of $196K (revenue -15.6% year-over-year).
- 2011: Revenue of $909K, expenses of $761K, and assets of $313K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Able Academy Inc:
Data Sources and Methodology
This transparency report for Able Academy Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.