Asbury Foundation Inc

Analysis

Asbury Foundation Inc is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in September 1996, 30 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 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, Asbury Foundation Inc reported income of $11.6m and spending of $12.3m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.9m to $11.6m (+137%), an average of +24% a year. The sharpest change came in the year to December 2020, when income rose by 144%. Over the whole period it spent 77% 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 Foundation Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MD. Charities of a similar size with the same main cause include Jack Miller Center for Teaching Americas Founding Principles and ($11.6m), International Planned Parenthood Federation - Worldwide Inc ($11.6m) and Community Foundation for South Central New York Inc ($11.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $57.9m against liabilities of $20.6m, net assets of $37.3m.