Asbury Communities HCBS Inc

Analysis

Asbury Communities HCBS Inc is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in December 2011, 15 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Asbury Communities HCBS Inc reported income of $1.8m and spending of $2.5m, spending 136% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.3m to $1.8m (-58%), an average of -19% a year. The sharpest change came in the year to December 2023, when income dropped by 34%. Over the whole period it spent 118% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Asbury Communities HCBS Inc sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MD. Charities of a similar size with the same main cause include Lake Nona Institute Inc ($1.8m), Imd Guest House Foundation ($1.8m) and Missouri Mental Health Foundation Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $1.9m against liabilities of $2.8m, net assets of -$902k.

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.