Ashe Senior Village Inc

Analysis

Ashe Senior Village Inc is a registered charity in United States, based in W Jefferson, NC. It received its IRS tax-exemption ruling in May 2000, 26 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 June 2023, Ashe Senior Village Inc reported income of $178k and spending of $201k, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $144k to $178k (+24%), an average of +5.5% a year. Over the whole period it spent 118% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ashe Senior Village Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within NC. Charities of a similar size with the same main cause include Women with Vision ($178k), Anderson Ludd Professional Office Building ($178k) and Pigeon Creek I Inc ($178k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 57% and program service revenue 42% of the total. At year end it held assets of $943k against liabilities of $32k, net assets of $910k.

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.