Ardmore Inc

Analysis

Ardmore Inc is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in March 1978, 48 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, Ardmore Inc reported income of $6.6m and spending of $6.8m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.4m to $6.6m (+4.4%), an average of +1.1% a year. The sharpest change came in the year to December 2022, when income dropped by 17%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ardmore Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within OH. Charities of a similar size with the same main cause include Center for Effective Public Policy ($6.6m), Young Mens Christian Assn Normal ($6.6m) and Habitat for Humanity International Inc ($6.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.1% of the total. Compensation of current officers, directors and key employees was $165k (2.4% of expenses). Other salaries and wages came to $4.5m. At year end it held assets of $6.2m against liabilities of $809k, net assets of $5.4m. It reported 193 employees.