Ability Kc Industries EIN 43-0916345

Ability Kc Industries

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Offers jobs in a workshop setting for people with disabilities. For fiscal year 2024 it reported $1.1M in revenue, $884K in expenses, and $2.4M in net assets.Pt I

Type
Public charity (501(c)(3)) · Employment
Location
Kansas City, MO
Website
www.abilitykc.org
Filings
5 on file (2020–2024)
Revenue
$1.1MFY2024
Expenses
$884K
Net assets
$2.4M
People
18
Filings
5
Updates
0
More identity details & actions ⌄
EIN  43-0916345 Public charity (501(c)(3)) Kansas City, MO
Form 990 (PDF)
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Size
$1–10M
What they do
Offers jobs in a workshop setting for people with disabilities.
Leadership
Jim Clay · Chair & Finance Committee Chair
Money in and out
$1.1M revenue, $884K expenses
Bottom line
83% program efficiency
Where the money goes · FY2024
Total revenue
$1.1M
Pt VIII · Ln 12
Total expenses
$884K
Pt IX · Ln 25
Net assets
$2.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $227K
Where spending went · Part IX cols B–D
Program services $0.83 Management & general $0.14 Fundraising $0.03
Program efficiency
83%
of spending reaches programs▼ -0.6% vs prior filing year
Surplus margin
+20%
revenue over expenses, this year▲ +50% vs prior filing year
Revenue trend
+11%
avg. annual growth over 5 years

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.1M
FY2024▲ +22%
Expenses
$884K
FY2024▲ +12%
Total assets
$2.4M
FY2024▲ +10%
Total liabilities
$3K
FY2024▲ +68%
Total revenue
$1.1M
Pt VIII · Ln 12
Total expenses
$884K
Pt IX · Ln 25
Net assets
$2.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$227K
Total assetsPt X · Ln 16$2.4M
Program-expense ratioPt IX · col B83%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413
Mission & Programs · Part III

Where the work happens

1 program service account for $736K of program spending, described in the organization's own filed words · FY2024.
01

See schedule o

$736Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAbility Kc Industries
EINHdr · item D43-0916345
Principal addressHdr · item CKansas City, MO
WebsiteHdr · item Jwww.abilitykc.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEmployment (J33Z)
Ruling yearIRS BMFAug 1969

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b13
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chair & Finance Committee Chair
$0Pt VII · Sec A
Vice Chair & Dev/Marketing Comm Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Sec. & Prog. Quality/Effectiveness Chair
$0Pt VII · Sec A
Past Chair & Risk Mgmt Comm Chair
$0Pt VII · Sec A
Director & Governance Comm Chair
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$684K · 62%
Program service revenue$427K · 38%
Contributions & grants62%$684K
Program service revenue38%$427K
— government grantsLn 1e$650K
Total revenueLn 12$1.1M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.83 Management & general $0.14 Fundraising $0.03
Program services83%$736K
Management & general14%$124K
Fundraising3%$24K
Total functional expensesLn 25$884K

Balance Sheet

Part X · end of year
CashLn 1
Total assetsLn 16$2.4M
Total liabilitiesLn 26$3K
Total net assetsLn 32$2.4M

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves — · Operating expenses/yr $884K
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $736K · Total expenses $884K
83%
Management & General
Management & general $124K · Total expenses $884K
14%
Fundraising
Fundraising $24K · Total expenses $884K
3%
Cost to raise $1
Fundraising expense (3-yr avg) $23K · Solicited contributions (3-yr avg) $210K
$0.11 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $684K · Total revenue $1.1M
62%
Government reliance
Government grants $650K · Total revenue $1.1M
59%
Earned-income share
Program service revenue $427K · Total revenue $1.1M
38%
Investment reliance
Investment income $0 · Total revenue $1.1M
0%
Program self-sufficiency
Program service revenue $427K · Total expenses $884K
48%
Growth & trend
Revenue growth (YoY)
This year $1.1M · Prior year $913K
+22%
Revenue CAGR
FY2020 $743K · FY2024 $1.1M
+11%
Net-asset trend (YoY)
End of year $2.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.1M · Expenses $884K
+20%
Liabilities-to-Assets
Total liabilities — · Total assets $2.4M
Net-asset ratio
Net assets $2.4M · Total assets $2.4M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.4M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jim Clay · Reported title CHAIR & FINANCE COMMITTEE CHAIR · Highest reported compensation $0 · Total expenses $884K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $552K · Total expenses $884K
63%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 83%
Overhead ratio 14%
Fundraising cost ratio 4%
Revenue growth 22%
Legal fee ratio 0.6%
Accounting fee ratio 0.7%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Ability KcFY2024$33K
Total grants receivedfrom 2 funders$39K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.1M revenue · viewing · ⤓ 990 PDF
FY2023$913K revenue · ⤓ 990 PDF
FY2022$909K revenue · ⤓ 990 PDF
FY2021$866K revenue · ⤓ 990 PDF
FY2020$743K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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