Asbury Church Assistance Network

Analysis

Asbury Church Assistance Network is a registered charity in United States, based in Severna Park, MD. It received its IRS tax-exemption ruling in March 2012, 14 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Asbury Church Assistance Network reported income of $60k and spending of $59k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $129k to $60k (-54%), an average of -54% a year. The sharpest change came in the year to December 2023, when income dropped by 54%. Over the whole period it spent 104% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Asbury Church Assistance Network sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 25th percentile within MD. Charities of a similar size with the same main cause include Next Level Stewardship and Coaching Ministries ($60k), Iglesia Gurreros de Cristo ($60k) and Spiritual Counterfeits Project Inc ($59k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $47k against liabilities of $0, net assets of $47k.