Ashworth Community Development Corporation

Analysis

Ashworth Community Development Corporation is a registered charity in United States, based in WDM, IA. It received its IRS tax-exemption ruling in September 2020, 6 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Ashworth Community Development Corporation reported income of $989k and spending of $969k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $453k to $989k (+119%), an average of +118% a year. The sharpest change came in the year to December 2023, when income rose by 119%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ashworth Community Development Corporation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within IA. Charities of a similar size with the same main cause include Brazos Valley Affordable Housing Corporation ($989k), Jackets for Jobs Inc ($990k) and Dress for Success Indianapolis Inc ($989k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.6% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $44k (4.6% of expenses). Other salaries and wages came to $643k. At year end it held assets of $167k against liabilities of $3,823, net assets of $163k. It reported 48 employees.