Ashland Ore Dock Charitable TR

Analysis

Ashland Ore Dock Charitable TR is a registered charity in United States, based in Ashland, WI. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Ashland Ore Dock Charitable TR reported income of $58k and spending of $1.8m, spending 3023% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $46k to $58k (+25%), an average of +5.8% a year. The sharpest change came in the year to December 2023, when income rose by 163%. Over the whole period it spent 1130% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Ashland Ore Dock Charitable TR sits at the 29th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 19th percentile within WI. Charities of a similar size with the same main cause include Sertoma Inc ($58k), Family Foundation of Mid-Michigan Inc ($58k) and Caring Hearts Charities Inc ($58k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% of the total. At year end it held assets of $1.1m against liabilities of $100k, net assets of $977k.

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.