Ardmore Enterprises Inc

Analysis

Ardmore Enterprises Inc is a registered charity in United States, based in Lanham, MD. It received its IRS tax-exemption ruling in January 1974, 52 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ardmore Enterprises Inc reported income of $17.6m and spending of $16.1m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.2m to $17.6m (+72%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ardmore Enterprises Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MD. Charities of a similar size with the same main cause include Chicago Urban League ($17.6m), Society of Women Engineers ($17.6m) and Huron Area Center for Independence ($17.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.5% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $338k (2.1% of expenses). Other salaries and wages came to $10.8m. At year end it held assets of $19.7m against liabilities of $9.3m, net assets of $10.4m. It reported 351 employees.