Ashby Ponds Inc

Analysis

Ashby Ponds Inc is a registered charity in United States, based in Catonsville, MD. It received its IRS tax-exemption ruling in October 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ashby Ponds Inc reported income of $102.8m and spending of $114.1m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $88.2m to $102.8m (+17%), an average of +3.9% a year. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ashby Ponds Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MD. Charities of a similar size with the same main cause include Adults and Children with Learning and Developmental Disabilities Inc ($102.7m), New Hampshire Catholic Charities Inc ($103.4m) and Selfhelp Community Services Inc ($102.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.4% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $667k (0.6% of expenses). Other salaries and wages came to $30.1m. At year end it held assets of $613.6m against liabilities of $701.6m, net assets of -$88.0m. It reported 1,286 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.