Ashby Foundation
Ashby Foundation maintains strong assets despite inconsistent revenue and recent operational deficits.
EIN: 203935673 · Santa Fe, NM · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $118K |
| Total Expenses | $56K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $875K |
| Transparency Score | 75/100 |
Is Ashby Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ashby Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ashby Foundation
Ashby Foundation (EIN: 203935673) is a nonprofit organization based in Santa Fe, NM, classified under NTEE code T22. The organization reported total revenue of $118K and total assets of $924K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ashby Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ashby Foundation is a small nonprofit that has been operating for 19 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 18.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $35K |
| Total Expenses | $56K |
| Surplus / Deficit | $-20,166 |
| Total Assets | $875K |
| Total Liabilities | $1 |
| Net Assets | $875K |
| Operating Margin | -56.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 188.8 months |
Financial Health Grade: B
In 2023, Ashby Foundation reported a deficit of $20K with expenses exceeding revenue, holds 188.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2023), Ashby Foundation's revenue has grown at a compound annual growth rate (CAGR) of 18.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.7% | -3.9% | -2.2% |
| 2022 | -67.9% | -14.5% | -3.0% |
| 2021 | +25.3% | -9.2% | +3.6% |
| 2020 | +429.4% | — | +0.6% |
| 2019 | -98.9% | -100.0% | +1.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ashby Foundation with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Ashby Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $20K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating a volunteer-led organization or one where leadership is compensated through other means not reported as officer compensation, which is highly unusual for an organization with nearly $1 million in assets.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Ashby Foundation's IRS 990 filings:
- Inconsistent annual revenue, making long-term operational planning challenging.
- Expenses exceeding revenue in recent periods (e.g., 202312, 202212), indicating reliance on asset drawdowns.
- Lack of detailed expense breakdown beyond total expenses makes precise program efficiency assessment difficult.
Strengths
The following positive indicators were identified for Ashby Foundation:
- Strong and growing asset base ($924,066 latest), providing financial stability.
- Zero reported officer compensation across all filings, indicating low administrative overhead.
- Consistent filing history (11 filings), demonstrating transparency and compliance.
- Minimal liabilities ($0-$1 in most periods), indicating sound financial management.
Frequently Asked Questions about Ashby Foundation
Is Ashby Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Ashby Foundation (EIN: 203935673) some concerns. Mission Score: 75/100. 3 red flags identified, 4 strengths noted.
How does Ashby Foundation spend its money?
Ashby Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ashby Foundation tax-deductible?
Ashby Foundation is registered as a tax-exempt nonprofit (EIN: 203935673). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Ashby Foundation CEO make?
Ashby Foundation's highest-compensated officer earns $1 annually. The organization reported $118K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Ashby Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Ashby Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ashby Foundation located?
Ashby Foundation is headquartered in Santa Fe, New Mexico and files with the IRS under EIN 203935673. It is classified under NTEE code T22.
How many years of IRS 990 filings does Ashby Foundation have?
Ashby Foundation has 11 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $118K in total revenue.
Is Ashby Foundation a good charity?
Based on the available data, Ashby Foundation appears to be a financially stable private foundation with a strong asset base ($924,066) and a commitment to minimizing administrative costs, as evidenced by zero reported officer compensation. Its effectiveness as a 'good charity' depends on the impact of its grantmaking activities, which is not detailed in the 990 summary.
Why is revenue so inconsistent?
The revenue for Ashby Foundation has been highly inconsistent, ranging from $1,400,617 in 201911 to $32,296 in 202212. This volatility is common for private foundations that may receive large, infrequent donations or endowment contributions, rather than relying on consistent public fundraising.
How does the foundation cover expenses when revenue is lower?
In periods where expenses exceed revenue (e.g., 202312 with $55,590 expenses vs. $35,424 revenue), the foundation likely draws from its substantial asset base ($924,066) or relies on investment income from its endowment to cover operational costs.
Filing History
IRS 990 filing history for Ashby Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Ashby Foundation's revenue has grown by 628.1%, moving from $5K to $35K. Total assets increased by 379.8% over the same period, from $182K to $875K. Total functional expenses rose by 1242.4%, from $4K to $56K. In its most recent filing year (2023), Ashby Foundation reported a deficit of $20K, with expenses exceeding revenue. The organization holds $1 in liabilities against $875K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $875K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $35K | $56K | $875K | $1 | — | View 990 |
| 2022 | $32K | $58K | $895K | $1 | — | View 990 |
| 2021 | $100K | $68K | $922K | $1 | — | View 990 |
| 2020 | $80K | $74K | $890K | $1 | — | — |
| 2019 | $15K | $0 | $884K | $0 | — | View 990 |
| 2019 | $1.4M | $37K | $869K | $1 | — | View 990 |
| 2015 | $7K | $11K | $163K | $0 | — | View 990 |
| 2014 | $13K | $13K | $174K | $1 | — | View 990 |
| 2013 | $19K | $13K | $183K | $1 | — | View 990 |
| 2012 | $10K | $7K | $189K | $147 | — | View 990 |
| 2011 | $5K | $4K | $182K | $27 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $35K, expenses of $56K, and assets of $875K (revenue +9.7% year-over-year).
- 2022: Revenue of $32K, expenses of $58K, and assets of $895K (revenue -67.9% year-over-year).
- 2021: Revenue of $100K, expenses of $68K, and assets of $922K (revenue +25.3% year-over-year).
- 2020: Revenue of $80K, expenses of $74K, and assets of $890K (revenue +429.4% year-over-year).
- 2019: Revenue of $15K, expenses of $0, and assets of $884K (revenue -98.9% year-over-year).
- 2019: Revenue of $1.4M, expenses of $37K, and assets of $869K (revenue +19957.5% year-over-year).
- 2015: Revenue of $7K, expenses of $11K, and assets of $163K (revenue -47.6% year-over-year).
- 2014: Revenue of $13K, expenses of $13K, and assets of $174K (revenue -31.6% year-over-year).
- 2013: Revenue of $19K, expenses of $13K, and assets of $183K (revenue +91.1% year-over-year).
- 2012: Revenue of $10K, expenses of $7K, and assets of $189K (revenue +109.5% year-over-year).
- 2011: Revenue of $5K, expenses of $4K, and assets of $182K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ashby Foundation:
Data Sources and Methodology
This transparency report for Ashby Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.