Ashunti Residential Management

Analysis

Ashunti Residential Management is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 1994, 32 years ago. 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 2022, Ashunti Residential Management reported income of $511k and spending of $542k, spending 106% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $394k to $511k (+30%), an average of +9.0% a year. The sharpest change came in the year to December 2020, when income rose by 20%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ashunti Residential Management sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within IL. Charities of a similar size with the same main cause include Comunidad Materna En Utah ($511k), DTH Publishing Corporation ($511k) and Sacramento Bhartiya Sabha ($511k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $56k (10% of expenses). Other salaries and wages came to $35k. It paid $1,378 in professional fundraising fees. At year end it held assets of $479k against liabilities of $510k, net assets of -$31k. It reported 5 employees.