Asbury Community Development Corporation

Analysis

Asbury Community Development Corporation is a registered charity in United States, based in Flint, MI. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Community Development Corporation reported income of $809k and spending of $653k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $485k to $809k (+67%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 53%. Over the whole period it spent 85% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Asbury Community Development Corporation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MI. Charities of a similar size with the same main cause include Junior League of Memphis Inc ($809k), Austin Aspires Inc ($809k) and Tempe Community Council Incorporated ($808k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Other salaries and wages came to $321k. At year end it held assets of $750k against liabilities of $72k, net assets of $678k. It reported 50 employees.