United Ashland Ministries Inc

Analysis

United Ashland Ministries Inc is a registered charity in United States, based in Ashland, KY. It received its IRS tax-exemption ruling in January 1983, 43 years ago. 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 December 2023, United Ashland Ministries Inc reported income of $1.9m and spending of $304k, leaving 84% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.9m (+56%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 158%. Over the whole period it spent 65% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, United Ashland Ministries Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within KY. Charities of a similar size with the same main cause include Nami Southeast Wisconsin Inc ($1.9m), Phantom Lake YMCA Camp Inc ($1.9m) and New Hope Christian Schools Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 95% of the total. Compensation of current officers, directors and key employees was $6,427 (2.1% of expenses). Other salaries and wages came to $14k. At year end it held assets of $4.7m against liabilities of $2.8m, net assets of $1.9m.