Ashland News

Analysis

Ashland News is a registered charity in United States, based in Ashland, OR. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Ashland News reported income of $295k and spending of $230k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $157k to $295k (+87%), an average of +87% a year. The sharpest change came in the year to December 2023, when income rose by 87%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ashland News sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within OR. Charities of a similar size with the same main cause include Random Good Foundation Inc ($295k), Confluence Gallery and Art Center ($295k) and Textile Museum of D C ($295k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $55k (24% of expenses). Other salaries and wages came to $90k. At year end it held assets of $106k against liabilities of $7,204, net assets of $99k. It reported 5 employees.