Asbury Place

Analysis

Asbury Place is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in November 1994, 32 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Asbury Place reported income of $2.9m and spending of $3.0m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.4m to $2.9m (-13%), an average of -3.5% a year. The sharpest change came in the year to December 2021, when income dropped by 20%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Asbury Place 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 89th percentile, and in the 87th percentile within PA. Charities of a similar size with the same main cause include Helping Hands Health Clinic Inc ($2.9m), Allegheny County Medical Society Foundation WM Weisser Et Al Truste ($2.9m) and Turning Point Inc ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $2.6m against liabilities of $3.0m, net assets of -$404k. It reported 39 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.