Ashland Main Street Association

Analysis

Ashland Main Street Association is a registered charity in United States, based in Ashland, VA. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, Ashland Main Street Association reported income of $230k and spending of $187k, spending 82% of its income. Across the 3 years on record, from June 2021 to June 2023, income fell from $253k to $230k (-9.3%), an average of -4.8% a year. The sharpest change came in the year to June 2023, when income rose by 40%. Over the whole period it spent 71% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ashland Main Street Association sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within VA. Charities of a similar size with the same main cause include Dress for Success Cleveland ($230k), Hawaii State Bar Foundation ($230k) and Johnson County Economic Development Corporation ($230k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 8.9% of the total. Compensation of current officers, directors and key employees was $57k (31% of expenses). At year end it held assets of $185k against liabilities of $4,347, net assets of $181k. It reported 1 employees.