Asbury Dwellings Inc

Analysis

Asbury Dwellings Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 1980, 46 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a suspense under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Asbury Dwellings Inc reported income of $3.3m and spending of $3.1m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.3m to $3.3m (+0.6%), an average of +0.1% a year. Over the whole period it spent 85% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Asbury Dwellings Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 75th percentile within DC. Charities of a similar size with the same main cause include Hip Housing Development Corporation ($3.3m), Our Lady of the Road Incorporated ($3.3m) and Civic 411 Wales Corporation ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. Other salaries and wages came to $210k. At year end it held assets of $7.4m against liabilities of $7.2m, net assets of $166k.