Asbury Homes Inc

Analysis

Asbury Homes Inc is a registered charity in United States, based in Tabor City, NC. It received its IRS tax-exemption ruling in February 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2024, Asbury Homes Inc reported income of $637k and spending of $536k, spending 84% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $513k to $637k (+24%), an average of +4.4% a year. The sharpest change came in the year to June 2021, when income rose by 20%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Asbury Homes Inc sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within NC. Charities of a similar size with the same main cause include Isaiah 58 Inc ($637k), Families Care Inc ($637k) and Tuesdays Child ($637k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 98% of the total. Other salaries and wages came to $296k. At year end it held assets of $835k against liabilities of $350k, net assets of $485k. It reported 5 employees.