Assaley Place Inc

Analysis

Assaley Place Inc is a registered charity in United States, based in Huntington, WV. It received its IRS tax-exemption ruling in August 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Assaley Place Inc reported income of $69k and spending of $94k, spending 137% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $60k to $69k (+15%), an average of +3.6% a year. The sharpest change came in the year to June 2023, when income rose by 31%. Over the whole period it spent 153% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Assaley Place Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 24th percentile within WV. Charities of a similar size with the same main cause include Breath of Life Ministries International Inc ($69k), Kentucky Alternative Livestock Association Inc ($69k) and Roots Inc ($69k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 38% of the total. At year end it held assets of $470k against liabilities of $87k, net assets of $383k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.