Ashland Area Economic Development

Analysis

Ashland Area Economic Development is a registered charity in United States, based in Ashland, NE. It received its IRS tax-exemption ruling in October 2016, 10 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, Ashland Area Economic Development reported income of $68k and spending of $68k, spending 99% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $35k to $68k (+93%), an average of +24% a year. The sharpest change came in the year to December 2022, when income rose by 325%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ashland Area Economic Development sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 25th percentile within NE. Charities of a similar size with the same main cause include Lad Vanik Samaj of America ($68k), Shaniko Music Sanctuary Inc ($68k) and Master Gardener Association of Cape Cod Inc ($68k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $55k. At year end it held assets of $0 against liabilities of $0, net assets of $0.