Ashland Housing Development Corporation

Analysis

Ashland Housing Development Corporation is a registered charity in United States, based in Ashland, AL. It received its IRS tax-exemption ruling in May 1992, 34 years ago. 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 September 2023, Ashland Housing Development Corporation reported income of $179k and spending of $119k, leaving 33% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income grew from $56k to $179k (+222%), an average of +222% a year. The sharpest change came in the year to September 2023, when income rose by 222%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ashland Housing Development Corporation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 52nd percentile within AL. Charities of a similar size with the same main cause include Amature Athletic Union of the United States Inc ($179k), Diaspora African Forum Foundation Inc ($179k) and Chester County 4-H Center Inc ($179k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 31% of the total. At year end it held assets of $371k against liabilities of $183k, net assets of $188k.