Francis Asbury Society Inc

Analysis

Francis Asbury Society Inc is a registered charity in United States, based in Wilmore, KY. It received its IRS tax-exemption ruling in November 1983, 43 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, Francis Asbury Society Inc reported income of $827k and spending of $989k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $665k to $827k (+24%), an average of +5.6% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Francis Asbury Society Inc 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 77th percentile, and in the 78th percentile within KY. Charities of a similar size with the same main cause include Aladdin Shriners Hospital Association for Children Inc ($826k), Westside Preschool ($827k) and Eagle Village Foundation ($826k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 6.1% of the total. Other salaries and wages came to $504k. At year end it held assets of $3.5m against liabilities of $32k, net assets of $3.4m. It reported 17 employees.