Asberry Courts Inc

Analysis

Asberry Courts Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in August 1974, 52 years ago. 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 June 2023, Asberry Courts Inc reported income of $708k and spending of $769k, spending 109% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $649k to $708k (+9.1%), an average of +2.9% a year. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Asberry Courts Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within NC. Charities of a similar size with the same main cause include International School of Hydrocarbon Measurement Inc ($708k), Culpeper Community Development Corporation ($708k) and Mortarstone Charitable TR ($708k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $120k. At year end it held assets of $5.5m against liabilities of $4.4m, net assets of $1.1m. It reported 4 employees.

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.