Able2 Enhancing Potential Inc
Able2 Enhancing Potential Inc. consistently operates with revenues exceeding expenses and reports no officer compensation.
EIN: 161091767 · Elmira, NY · Updated: 2026-03-28
Is Able2 Enhancing Potential Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Able2 Enhancing Potential Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Able2 Enhancing Potential Inc
Able2 Enhancing Potential Inc (EIN: 161091767) is a nonprofit organization based in Elmira, NY. The organization reported total revenue of $14.9M and total assets of $15.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Able2 Enhancing Potential Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Able2 Enhancing Potential Inc with a Mission Score of 85 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, Able2 Enhancing Potential 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.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization of this size with annual revenues consistently around $14-16 million.
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 Able2 Enhancing Potential Inc's IRS 990 filings:
- Unusually low (0%) reported officer compensation for an organization of this size, which might warrant further investigation into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Able2 Enhancing Potential Inc:
- Consistent revenue generation, with revenues generally exceeding expenses (e.g., $15,073,210 revenue vs. $14,257,272 expenses in 202312).
- Healthy asset base consistently covering liabilities (e.g., $14,837,236 assets vs. $2,790,134 liabilities in 202312).
- Reported 0% officer compensation across all filings, indicating a strong potential for direct mission-related spending.
- Stable financial operations over a long period, with 13 filings showing consistent scale and management.
Frequently Asked Questions about Able2 Enhancing Potential Inc
Is Able2 Enhancing Potential Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Able2 Enhancing Potential Inc (EIN: 161091767) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Able2 Enhancing Potential Inc spend its money?
Able2 Enhancing Potential Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Able2 Enhancing Potential Inc tax-deductible?
Able2 Enhancing Potential Inc is registered as a tax-exempt nonprofit (EIN: 161091767). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Able2 Enhancing Potential Inc. a good charity?
Based on the provided financial data, Able2 Enhancing Potential Inc. appears to be a financially stable organization with consistent revenue generation and expenses generally below revenue. The reported 0% officer compensation is a significant positive indicator of efficient resource allocation, suggesting a strong focus on its mission rather than executive pay. However, a detailed breakdown of program, administrative, and fundraising expenses would provide a more complete picture of spending efficiency.
How has Able2's financial health changed over time?
Able2 Enhancing Potential Inc. has maintained a remarkably consistent financial scale over the past decade, with annual revenues fluctuating between approximately $13.8 million and $16.9 million. Assets have generally increased, from $11,953,563 in 201912 to $14,837,236 in 202312, indicating growth in its financial base. Liabilities have also shown fluctuations but remain well-covered by assets, suggesting stable financial management.
What is the significance of 0% officer compensation?
The 0% officer compensation reported across all filings is highly significant for an organization of Able2's size. It suggests that either executive leadership is entirely volunteer-based, compensated through a related entity not reflected in these specific filings, or that the organization has a unique compensation structure. This practice, if accurate and sustainable, indicates a very high dedication of resources directly to the organization's mission rather than executive salaries, which is a strong positive for donors.
Filing History
IRS 990 filing history for Able2 Enhancing Potential Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Able2 Enhancing Potential Inc's revenue has declined by 10.5%, moving from $16.8M to $15.1M. Total assets increased by 5.3% over the same period, from $14.1M to $14.8M. Total functional expenses fell by 10.8%, from $16.0M to $14.3M. In its most recent filing year (2023), Able2 Enhancing Potential Inc reported a surplus of $816K, with revenue exceeding expenses. The organization holds $2.8M in liabilities against $14.8M in assets (debt-to-asset ratio: 18.8%), resulting in net assets of $12.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $15.1M | $14.3M | $14.8M | $2.8M | — | — |
| 2022 | $17.0M | $16.6M | $13.8M | $2.9M | — | — |
| 2021 | $15.7M | $14.2M | $14.5M | $3.5M | — | View 990 |
| 2020 | $14.9M | $14.7M | $14.9M | $5.7M | — | — |
| 2019 | $15.0M | $14.7M | $12.0M | $3.2M | — | View 990 |
| 2018 | $14.2M | $13.8M | $11.7M | $3.6M | — | View 990 |
| 2017 | $13.9M | $14.4M | $12.0M | $4.1M | — | — |
| 2016 | $14.6M | $14.3M | $12.3M | $3.7M | — | View 990 |
| 2015 | $14.1M | $13.8M | $12.6M | $4.3M | — | View 990 |
| 2014 | $14.9M | $14.5M | $14.6M | $6.5M | — | View 990 |
| 2013 | $15.8M | $15.5M | $14.1M | $6.4M | — | View 990 |
| 2012 | $16.9M | $16.0M | $13.8M | $6.4M | — | View 990 |
| 2011 | $16.8M | $16.0M | $14.1M | $7.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $15.1M, expenses of $14.3M, and assets of $14.8M (revenue -11.2% year-over-year).
- 2022: Revenue of $17.0M, expenses of $16.6M, and assets of $13.8M (revenue +7.8% year-over-year).
- 2021: Revenue of $15.7M, expenses of $14.2M, and assets of $14.5M (revenue +5.4% year-over-year).
- 2020: Revenue of $14.9M, expenses of $14.7M, and assets of $14.9M (revenue -0.2% year-over-year).
- 2019: Revenue of $15.0M, expenses of $14.7M, and assets of $12.0M (revenue +5.3% year-over-year).
- 2018: Revenue of $14.2M, expenses of $13.8M, and assets of $11.7M (revenue +2.5% year-over-year).
- 2017: Revenue of $13.9M, expenses of $14.4M, and assets of $12.0M (revenue -4.9% year-over-year).
- 2016: Revenue of $14.6M, expenses of $14.3M, and assets of $12.3M (revenue +3.7% year-over-year).
- 2015: Revenue of $14.1M, expenses of $13.8M, and assets of $12.6M (revenue -5.5% year-over-year).
- 2014: Revenue of $14.9M, expenses of $14.5M, and assets of $14.6M (revenue -5.9% year-over-year).
- 2013: Revenue of $15.8M, expenses of $15.5M, and assets of $14.1M (revenue -6.4% year-over-year).
- 2012: Revenue of $16.9M, expenses of $16.0M, and assets of $13.8M (revenue +0.3% year-over-year).
- 2011: Revenue of $16.8M, expenses of $16.0M, and assets of $14.1M.
Data Sources and Methodology
This transparency report for Able2 Enhancing Potential 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.