What is Able Works?
Able Works operates as a nonprofit entity focused on dismantling economic injustice within California. Its core mission involves empowering youth and young adults from under-resourced communities through targeted programs. Key initiatives include AchieveAble, which offers crucial resources and life coaching to college-age students, and FutureProfits, a program designed to equip high school students with essential financial education and life skills. By addressing the root causes of poverty, Able Works aims to foster sustainable change and has a proven track record of impacting nearly 15,000 students across various Californian regions.
How much funding has Able Works raised?
Able Works has raised a total of $330K across 2 funding rounds:
Debt
$150K
Debt
$180K
Debt (2020): $150K with participation from PPP
Debt (2021): $180K led by PPP
What's next for Able Works?
With a history of substantial capital infusion, including its latest strategic investment, Able Works is poised for continued expansion and enhanced program delivery. The organization's focus on late-stage funding suggests a mature operational phase, enabling it to scale its impact and potentially introduce new initiatives, such as those planned for fall 2024. This strategic financial positioning will be critical in furthering its objective to break the cycle of poverty for young individuals in California.
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