Charitable Friends of Ashley Valley

Analysis

Charitable Friends of Ashley Valley is a registered charity in United States, based in Vernal, UT. It received its IRS tax-exemption ruling in January 2013, 13 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, Charitable Friends of Ashley Valley reported income of $276k and spending of $261k, spending 95% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $340k to $276k (-19%), an average of -10% a year. The sharpest change came in the year to December 2022, when income dropped by 26%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Charitable Friends of Ashley Valley sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within UT. Charities of a similar size with the same main cause include Asesores Financieros Comunitarios Inc ($275k), Global Ecolabelling Network Inc ($276k) and Colorado Energy Foundation ($275k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 5.0% of the total. At year end it held assets of $241k against liabilities of $0, net assets of $241k.