Ashmore Homes Inc

Analysis

Ashmore Homes Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in March 2008, 18 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 2022, Ashmore Homes Inc reported income of $107k and spending of $191k, spending 178% of what it took in. Across the 4 years on record, from June 2019 to June 2022, income fell from $110k to $107k (-2.6%), an average of -0.9% a year. Over the whole period it spent 145% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ashmore Homes Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 40th percentile within MD. Charities of a similar size with the same main cause include Holy Trinity Apartments Inc ($107k), Valentine Foundation Inc ($107k) and Nativity Housing Development Fund Company Inc ($107k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 73% and program service revenue 27% of the total. At year end it held assets of $672k against liabilities of $1.4m, net assets of -$679k.

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.