Able Solutions Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 3,707,418 | 3,978,180 | −270,762 | 3.4 | 33% |
| 2022 | 3,659,599 | 4,321,936 | −662,337 | 1.3 | 37% |
| 2023 | 4,310,570 | 4,803,047 | −492,477 | -0.1 | 42% |
| 2024 | 5,695,338 | 6,225,717 | −530,379 | -1.1 | 47% |
In its most recent public year (2024), this organization spent $530,379 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-1.1 months), down from 3.4 in 2021. Staff pay was 47% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2024. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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