Asbury Woods Partnership

Analysis

Asbury Woods Partnership is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in January 2008, 18 years ago. 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 August 2023, Asbury Woods Partnership reported income of $1.3m and spending of $1.0m, leaving 22% of income unspent that year. Across the 6 years on record, from June 2019 to August 2023, income fell from $1.6m to $1.3m (-17%), an average of -3.7% a year. The sharpest change came in the year to August 2022, when income rose by 233%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Asbury Woods Partnership sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within PA. Charities of a similar size with the same main cause include Little Anchor Child Care Western Regional Center ($1.3m), White Plains Childrens Center Inc ($1.3m) and Christ Led Communities Inc ($1.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 70% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $93k (9.3% of expenses). Other salaries and wages came to $486k. At year end it held assets of $4.8m against liabilities of $192k, net assets of $4.6m. It reported 28 employees.