Ashe Services for Aging Inc

Analysis

Ashe Services for Aging Inc is a registered charity in United States, based in W Jefferson, NC. It received its IRS tax-exemption ruling in April 1979, 47 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, Ashe Services for Aging Inc reported income of $4.9m and spending of $5.8m, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.2m to $4.9m (-5.4%), an average of -1.4% a year. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ashe Services for Aging Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NC. Charities of a similar size with the same main cause include North Star Family Center ($4.9m), Avail NYC ($4.9m) and Hospice of Yuma ($4.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $154k (2.7% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $1.3m against liabilities of $1.4m, net assets of -$100k. It reported 154 employees.