Asbury Park Foundtion Inc

Analysis

Asbury Park Foundtion Inc is a registered charity in United States, based in Newton, KS. It received its IRS tax-exemption ruling in August 1995, 31 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Asbury Park Foundtion Inc reported income of $66k and spending of $119k, spending 179% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $51 to $66k (+130039%), an average of +501% a year. The sharpest change came in the year to December 2021, when income rose by 25653400%. Over the whole period it spent 10% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Asbury Park Foundtion Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 23rd percentile within KS. Charities of a similar size with the same main cause include South Georgia Regional Library Foundation Inc ($66k), Community Real Estate and Personal Property Foundation Inc ($66k) and Christ Lutheran Church Endowment Foundation Inc ($66k).

Compensation of current officers, directors and key employees was $13k (11% of expenses). At year end it held assets of $2.2m against liabilities of $446k, net assets of $1.8m.