Asbury Points Inc

Analysis

Asbury Points Inc is a registered charity in United States, based in Getzville, NY. It received its IRS tax-exemption ruling in April 1997, 29 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Asbury Points Inc reported income of $7.0m and spending of $5.7m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.5m to $7.0m (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2021, when income rose by 31%. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Asbury Points Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Louisville Metro Affordable Housing Trust Fund Inc ($7.0m), Cherry Street Mission Ministries ($7.0m) and Arbors at St Barnabas Inc ($7.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 77% of the total. Other salaries and wages came to $1.9m. At year end it held assets of $34.5m against liabilities of $32.8m, net assets of $1.7m. It reported 162 employees.