Asbury Foundation

Analysis

Asbury Foundation is a registered charity in United States, based in Brookhaven, GA. It received its IRS tax-exemption ruling in June 1988, 38 years ago. 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 Foundation reported income of $783k and spending of $723k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $330k to $783k (+137%), an average of +24% a year. The sharpest change came in the year to December 2020, when income rose by 876%. Over the whole period it spent 50% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Asbury Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within GA. Charities of a similar size with the same main cause include Learning Disabilities Association Inc ($783k), Cranberry Public Library Inc ($783k) and Toolbank USA Inc ($783k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% of the total. Other salaries and wages came to $67k. At year end it held assets of $6.9m against liabilities of $1.7m, net assets of $5.2m.