Ashley Inc

Analysis

Ashley Inc is a registered charity in United States, based in Hvre de Grace, MD. It received its IRS tax-exemption ruling in July 1979, 47 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 June 2023, Ashley Inc reported income of $36.8m and spending of $39.8m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $39.4m to $36.8m (-6.5%), an average of -1.7% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ashley Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MD. Charities of a similar size with the same main cause include Childrens Health System Inc ($36.8m), Anderson Healthcare ($36.8m) and Covenant Woods ($36.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.6% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $1.9m (4.9% of expenses). Other salaries and wages came to $18.6m. It paid $50k in professional fundraising fees. At year end it held assets of $118.1m against liabilities of $12.7m, net assets of $105.4m. It reported 380 employees.