Ashton Memorial Inc

Analysis

Ashton Memorial Inc is a registered charity in United States, based in Ashton, ID. It received its IRS tax-exemption ruling in October 1950, 76 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending November 2023, Ashton Memorial Inc reported income of $5.7m and spending of $6.3m, spending 110% of what it took in. Across the 5 years on record, from November 2019 to November 2023, income grew from $5.6m to $5.7m (+3.2%), an average of +0.8% a year. The sharpest change came in the year to November 2020, when income rose by 18%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ashton Memorial Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within ID. Charities of a similar size with the same main cause include San Gabriel Childrens Center Inc ($5.7m), Test Monitoring Center ($5.7m) and Fulmont Community Action Agency Inc ($5.7m).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 9.3% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $101k (1.6% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $5.7m against liabilities of $1.5m, net assets of $4.2m. It reported 125 employees.

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.