Ashley Hall Foundation

Analysis

Ashley Hall Foundation is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in October 1950, 76 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ashley Hall Foundation reported income of $27.1m and spending of $24.2m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $22.2m to $27.1m (+22%), an average of +5.1% a year. The sharpest change came in the year to June 2023, when income rose by 28%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ashley Hall Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within SC. Charities of a similar size with the same main cause include Meadows School ($27.1m), American International School of Lagos Nigeria ($27.1m) and Hope Academy Inc ($27.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $590k (2.4% of expenses). Other salaries and wages came to $11.1m. At year end it held assets of $55.3m against liabilities of $26.6m, net assets of $28.7m. It reported 344 employees.