Asbury Communities Inc

Analysis

Asbury Communities Inc is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in June 1994, 32 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Asbury Communities Inc reported income of $21.4m and spending of $21.7m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.8m to $21.4m (+98%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 122% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Asbury Communities Inc sits at the 89th percentile: it is larger than about 89% 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 Pembina County Memorial Hospital Association ($21.4m), Catholic Care Center Inc ($21.4m) and Kemper Cah ($21.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $126k (0.6% of expenses). Other salaries and wages came to $13.1m. At year end it held assets of $15.5m against liabilities of $62.9m, net assets of -$47.4m.