Ashgro Inc

Analysis

Ashgro Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in January 2023, 3 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Ashgro Inc reported income of $2.1m and spending of $527k, leaving 75% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $75k to $2.1m (+2705%), an average of +2705% a year. The sharpest change came in the year to December 2023, when income rose by 2705%. Over the whole period it spent 25% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Ashgro Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within DE. Charities of a similar size with the same main cause include Charro Foundation ($2.1m), The Big Table ($2.1m) and Fort Atkinson Community Foundation ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $42k (8.0% of expenses). Other salaries and wages came to $145k. At year end it held assets of $1.7m against liabilities of $22k, net assets of $1.6m. It reported 3 employees.