Asbury Arms Inc

Analysis

Asbury Arms Inc is a registered charity in United States, based in Cocoa, FL. It received its IRS tax-exemption ruling in February 1975, 51 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 June 2023, Asbury Arms Inc reported income of $1.4m and spending of $1.4m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.4m (+15%), an average of +3.6% a year. 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 Arms Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within FL. Charities of a similar size with the same main cause include Operation Rapid Response Inc ($1.4m), Medina Creative Housing Inc ($1.4m) and Haven Ministries Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 96% of the total. Other salaries and wages came to $412k. At year end it held assets of $3.2m against liabilities of $153k, net assets of $3.1m. It reported 12 employees.