Ashville Senior Housing Association

Analysis

Ashville Senior Housing Association is a registered charity in United States, based in Circleville, OH. It received its IRS tax-exemption ruling in February 1992, 34 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ashville Senior Housing Association reported income of $280k and spending of $352k, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $268k to $280k (+4.6%), an average of +1.1% a year. Over the whole period it spent 120% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ashville Senior Housing Association sits at the 45th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within OH. Charities of a similar size with the same main cause include Geary Girls Ranch North ($280k), Shadagee Seniors Housing Corporation ($281k) and Community Homeless Outreach Andsupport Inc ($280k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $793k against liabilities of $2.0m, net assets of -$1.2m.

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.