Ashland Faith Fund Inc

Analysis

Ashland Faith Fund Inc is a registered charity in United States, based in Ashland, OH. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Ashland Faith Fund Inc reported income of $401k and spending of $465k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $258k to $401k (+55%), an average of +55% a year. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ashland Faith Fund Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within OH. Charities of a similar size with the same main cause include Utah Association for the Education of Young Children ($401k), Agapao Fellowship ($401k) and International Conference on Information Quality Inc ($401k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $152k against liabilities of $0, net assets of $152k.