Ashland Area Foundation

Analysis

Ashland Area Foundation is a registered charity in United States, based in Ashland, NE. It received its IRS tax-exemption ruling in September 1994, 32 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 Area Foundation reported income of $1.5m and spending of $113k, leaving 93% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $77k to $1.5m (+1883%), an average of +171% a year. The sharpest change came in the year to December 2022, when income rose by 1632%. Over the whole period it spent 19% 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 Area Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within NE. Charities of a similar size with the same main cause include Gary Patterson Foundation ($1.5m), Foundation of the New York Armenian Home Inc ($1.5m) and Malama Loko Ea Foundation ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. It paid $21k in professional fundraising fees. At year end it held assets of $2.8m against liabilities of $0, net assets of $2.8m.