Ashland Community Development Corporation

Analysis

Ashland Community Development Corporation is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in September 1998, 28 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ashland Community Development Corporation reported income of $118k and spending of $91k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $135k to $118k (-13%), an average of -12% a year. Over the whole period it spent 69% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ashland Community Development Corporation sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 42nd percentile within MD. Charities of a similar size with the same main cause include Venture Villa II Inc ($118k), McNealy Housing Corporation ($118k) and Shasta Manor II ($118k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 5.9% of the total. At year end it held assets of $96k against liabilities of $509, net assets of $95k.