The Ability Experience

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EIN 58-1588777 Public charity (501(c)(3)) Charlotte, NC
Form 990 (PDF)

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Revenue & expenses by yearFY2020–FY2024
Revenue
$3.7M
FY2024▲ +27%
Expenses
$3.2M
FY2024▲ +15%

Form 990 for the fiscal year ending December 2024 (IRS tax year 2024).


Supports people with disabilities. For fiscal year 2024 it reported $3.7M in revenue, $3.2M in expenses, and $4.7M in net assets.Pt I

Founded
1984
Type
Public charity (501(c)(3)) · Nonprofit
Location
Charlotte, NC
Website
abilityexperience.org
Filings
5 on file (2020–2024)
Revenue
$3.7MFY2024
Expenses
$3.2M
Net assets
$4.7M
People
15
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Figures match the IRS filing checked 8/30/26 · see original: IRS
Provided by the organization

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Size
$1–10M
What they do
Supports people with disabilities.
Leadership
Jake Henderson · CEO · $287K
Money in and out
$3.7M revenue, $3.2M expenses
Bottom line
86% program efficiency

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

GOOD

Yes — A charitable, religious, educational, scientific, or literary organization. Contributions are generally tax-deductible for donors.

IRS Business Master File records this organization as tax-exempt with deductible contributions. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Filed FY2024 (typical filing lag)

Most recent Form 990 on file is for fiscal year 2024 (2 years ago). See detail →

Is it receiving grants from reputable foundations?

GOOD

28 funders, incl. Debra K Howe Charitable Tr 04042018

28 distinct foundation funder(s) on file, $320K received in the most recent year with grants. See detail →

How is the money spent?

GOOD

86% to programs

86% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

$1–10M · ↑ +27% vs prior year

Revenue band $1–10M, +27% versus the prior filing year (up). See detail →

Where the money goes · FY2024
Total revenue
$3.7M
Pt VIII · Ln 12
Total expenses
$3.2M
Pt IX · Ln 25
Net assets
$4.7M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $533K
Where spending went · Part IX cols B–D
Program services $0.86 Management & general $0.06 Fundraising $0.08
Program efficiency
86%
of spending reaches programs▼ -1% vs prior filing year
Operating runway
20.2mo
months of highly liquid reserves at operating expense rate▼ -9% vs prior filing year
Surplus margin
+14%
revenue over expenses, this year▲ +173% vs prior filing year

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Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$4.9M
FY2024▲ +4%
Total liabilities
$187K
FY2024▼ -49%
Revenue less expensesPt I · Ln 19$533K
Total assetsPt X · Ln 16$4.9M
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CThe Ability Experience
EINHdr · item D58-1588777
Principal addressHdr · item CCharlotte, NC
WebsiteHdr · item Jabilityexperience.org
Year of formationHdr · item L1984
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJan 1985

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 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$286,667Pt VII · Sec A
President & Executive Dire
$147,171Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Jake Henderson$286,667$329,167$168,029$111,779——
Basil Lyberg$147,171$140,790$136,008$151,444$127,932$138,963

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $2.8M of program spending, described in the organization's own filed words · FY2024.
01

The ability experience is a 501(c)(3) nonprofit organization that works to create a community, one relationship at a time, where the abilities of all people are recognized and valued. The ability experience was founded in 1977 as the national philanthropy of pi kappa phi.

$2.8Mprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$3.2M · 85%
Investment income$538K · 14%
Other revenue$25K · 1%
Contributions & grants85%$3.2M
Investment income14%$538K
Other revenue1%$25K
Total revenueLn 12$3.7M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.06 Fundraising $0.08
Program services86%$2.8M
Management & general6%$182K
Fundraising8%$268K
Total functional expensesLn 25$3.2M

Balance Sheet

Part X · end of year
CashLn 1$357K
Total assetsLn 16$4.9M
Total liabilitiesLn 26$187K
Total net assetsLn 32$4.7M
Months of cash on handcomputed1.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $4.8M · Operating expenses (Pt IX) $3.2M · Less non-cash grants $347K · Cash operating expenses/yr $2.9M
20.2 months
Where the money goes
Program services
Program services $2.8M · Total expenses $3.2M
86%
Management & General
Management & general $182K · Total expenses $3.2M
6%
Fundraising
Fundraising $268K · Total expenses $3.2M
8%
Cost to raise $1
Fundraising expense (3-yr avg) $313K · Solicited contributions (3-yr avg) $2.7M
$0.12 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $3.2M · Total revenue $3.7M
85%
Government reliance
Government grants — · Total revenue $3.7M
—
Earned-income share
Program service revenue $0 · Total revenue $3.7M
0%
Investment reliance
Investment income $538K · Total revenue $3.7M
+14%
Program self-sufficiency
Program service revenue $0 · Total expenses $3.2M
0%
Growth & trend
Revenue growth (YoY)
This year $3.7M · Prior year $2.9M
+27%
Revenue CAGR
FY2019 $1.5M · FY2024 $3.7M
+20%
Net-asset trend (YoY)
End of year $4.7M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $3.7M · Expenses $3.2M
+14%
Liabilities-to-Assets
Total liabilities — · Total assets $4.9M
—
Net-asset ratio
Net assets $4.7M · Total assets $4.9M
96%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $4.4M · Total assets (Pt X, ln 16) $4.9M
90%
People & payroll
Highest Reported Total Compensation
Individual Jake Henderson · Reported title CEO · Highest reported compensation $287K · Total expenses $3.2M
9%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.1M · Total expenses $3.2M
33%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 86%——
Overhead ratio 6%——
Fundraising cost ratio 8%——
Revenue growth 27%——

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 · received and paid
Grants received · FY2024
See all 28 funders →
Grants paid · 72 grants · $623K · 2019–2024
Camp AsccaAL · FY2024$15,000
Rocky Mountain Village CampCO · FY2024$14,500
Life Has No Boundaries CoIN · FY2024$14,000
The Baddour Center INCMS · FY2024$9,000
Camp for All FoundationTX · FY2024$8,000
Stepping Stones INCOH · FY2024$7,500
Golden Heart RanchCA · FY2024$7,500
Clemson Outdoor LabsFY2024$7,500
Camp Stand by MeWA · FY2024$7,500
Civitan Foundation INCAZ · FY2024$7,500
Woodlands Foundation INCPA · FY2024$7,000
Quiet Waters Ministries INCMS · FY2024$7,000
Quest's Camp ThunderbirdFL · FY2024$7,000
Down Home Ranch INCTX · FY2024$7,000
See all 72 grants →

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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$2.9M revenue · ⤓ 990 PDF
FY2023$2.4M revenue · ⤓ 990 PDF
FY2022$2.7M revenue · ⤓ 990 PDF
FY2021$2.1M revenue · ⤓ 990 PDF
FY2020$1.5M 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
Names, privacy, and removal requests More

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