Ashby Ponds Inc
Ashby Ponds Inc. consistently operates at a deficit with liabilities often exceeding assets, despite high revenues.
EIN: 205609803 · Catonsville, MD · NTEE: P75 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $114.6M |
| Total Expenses | $114.1M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $100 |
| Net Assets | $-88,041,509 |
| Transparency Score | 55/100 |
Is Ashby Ponds Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ashby Ponds Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ashby Ponds Inc
Ashby Ponds Inc (EIN: 205609803) is a nonprofit organization based in Catonsville, MD, classified under NTEE code P75. The organization reported total revenue of $114.6M and total assets of $710.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ashby Ponds Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ashby Ponds Inc is a major nonprofit that has been operating for 15 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $102.8M |
| Total Expenses | $114.1M |
| Surplus / Deficit | $-11,304,282 |
| Total Assets | $613.6M |
| Total Liabilities | $701.6M |
| Net Assets | $-88,041,509 |
| Operating Margin | -11.0% |
| Debt-to-Asset Ratio | 114.3% |
| Months of Reserves | 64.5 months |
Financial Health Grade: C
In 2023, Ashby Ponds Inc reported a deficit of $11.3M with expenses exceeding revenue, holds 64.5 months of operating reserves (strong position), has a debt-to-asset ratio of 114.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Ashby Ponds Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.7% | -13.7% | -45.4% |
| 2022 | +11.3% | +12.2% | +3.9% |
| 2021 | +9.3% | +13.8% | +10.9% |
| 2020 | +9.7% | +11.5% | +27.9% |
| 2019 | +14.0% | -1.2% | +12.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2011 |
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 Ponds Inc with a Mission Score of 55 out of 100 (Fair). 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: 85%
- fundraising: 5%
According to IRS 990 filings, Ashby Ponds Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $11.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 114.3%.
Executive Compensation Analysis
The reported 0% officer compensation across all filings for an organization with over $100 million in annual revenue is highly unusual and suggests that executive compensation is either not directly paid by Ashby Ponds Inc. or is reported under other expense categories, which reduces transparency.
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 Ponds Inc's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue) across multiple years, e.g., $114M expenses vs $102M revenue in 2023.
- Liabilities frequently exceed assets, indicating potential solvency concerns, such as $701M liabilities vs $613M assets in 2023.
- Reported 0% officer compensation for a large organization, raising transparency questions about executive pay.
- Significant year-over-year fluctuations in assets, particularly the drop from $1.12B in 2022 to $613M in 2023.
Strengths
The following positive indicators were identified for Ashby Ponds Inc:
- Substantial and growing revenue base, exceeding $100 million in recent years, indicating significant operational scale.
- Consistent growth in assets over the long term, from $340M in 2014 to over $600M in 2023 (despite recent dip).
Frequently Asked Questions about Ashby Ponds Inc
Is Ashby Ponds Inc a legitimate charity?
Ashby Ponds Inc (EIN: 205609803) is a registered tax-exempt nonprofit based in Maryland. Our AI analysis gives it a Mission Score of 55/100. It has 13 years of IRS 990 filings on record. Total revenue: $114.6M. 4 red flags identified. 2 strengths noted. Financial health grade: C.
How does Ashby Ponds Inc spend its money?
Ashby Ponds Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Ashby Ponds Inc tax-deductible?
Ashby Ponds Inc is registered as a tax-exempt nonprofit (EIN: 205609803). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Ashby Ponds Inc CEO make?
Ashby Ponds Inc's highest-compensated officer earns $100 annually. The organization reported $114.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Ashby Ponds Inc's spending goes to programs?
Ashby Ponds Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Ashby Ponds Inc compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Ashby Ponds Inc is near average for NTEE category P75 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ashby Ponds Inc located?
Ashby Ponds Inc is headquartered in Catonsville, Maryland and files with the IRS under EIN 205609803. It is classified under NTEE code P75.
How many years of IRS 990 filings does Ashby Ponds Inc have?
Ashby Ponds Inc has 13 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 $114.6M in total revenue.
Why does Ashby Ponds Inc. consistently report expenses exceeding revenue?
The filings show a consistent pattern of expenses surpassing revenue, such as $114,112,382 in expenses against $102,808,100 in revenue in 2023. This suggests a reliance on other funding mechanisms or a sustained operational deficit.
How is executive compensation handled if 0% is reported for officers?
The consistent 0% officer compensation across all filings for an organization of this scale is atypical. It implies that executive compensation might be paid by a parent entity or categorized differently, impacting the clarity of leadership costs.
What is the reason for liabilities frequently exceeding assets?
In 2023, liabilities were $701,639,855 while assets were $613,598,346. This trend, observed in multiple years, indicates a potentially high debt burden or complex financial structure that warrants further investigation.
What caused the significant drop in assets from $1,123,470,050 in 2022 to $613,598,346 in 2023?
The nearly 50% decrease in reported assets between 2022 and 2023 is a substantial change that requires clarification to understand the underlying financial events or accounting adjustments.
Filing History
IRS 990 filing history for Ashby Ponds Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ashby Ponds Inc's revenue has grown by 329.3%, moving from $23.9M to $102.8M. Total assets increased by 175.8% over the same period, from $222.5M to $613.6M. Total functional expenses rose by 343%, from $25.8M to $114.1M. In its most recent filing year (2023), Ashby Ponds Inc reported a deficit of $11.3M, with expenses exceeding revenue. The organization holds $701.6M in liabilities against $613.6M in assets (debt-to-asset ratio: 114.3%), resulting in net assets of $-88,041,509.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $102.8M | $114.1M | $613.6M | $701.6M | — | — |
| 2022 | $117.7M | $132.3M | $1.1B | $1.2B | — | View 990 |
| 2021 | $105.8M | $117.9M | $1.1B | $1.1B | — | View 990 |
| 2020 | $96.8M | $103.6M | $974.9M | $1.0B | — | — |
| 2019 | $88.2M | $92.9M | $762.0M | $811.7M | — | View 990 |
| 2018 | $77.4M | $94.0M | $675.2M | $720.0M | — | View 990 |
| 2017 | $65.1M | $69.5M | $550.5M | $578.6M | — | View 990 |
| 2016 | $60.7M | $72.2M | $463.7M | $487.4M | — | View 990 |
| 2015 | $51.0M | $57.2M | $459.1M | $471.5M | — | View 990 |
| 2014 | $32.7M | $39.0M | $340.8M | $346.9M | — | View 990 |
| 2013 | $29.2M | $31.1M | $257.9M | $257.7M | — | View 990 |
| 2012 | $29.6M | $29.0M | $263.5M | $261.5M | — | View 990 |
| 2011 | $23.9M | $25.8M | $222.5M | $220.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $102.8M, expenses of $114.1M, and assets of $613.6M (revenue -12.7% year-over-year).
- 2022: Revenue of $117.7M, expenses of $132.3M, and assets of $1.1B (revenue +11.3% year-over-year).
- 2021: Revenue of $105.8M, expenses of $117.9M, and assets of $1.1B (revenue +9.3% year-over-year).
- 2020: Revenue of $96.8M, expenses of $103.6M, and assets of $974.9M (revenue +9.7% year-over-year).
- 2019: Revenue of $88.2M, expenses of $92.9M, and assets of $762.0M (revenue +14.0% year-over-year).
- 2018: Revenue of $77.4M, expenses of $94.0M, and assets of $675.2M (revenue +19.0% year-over-year).
- 2017: Revenue of $65.1M, expenses of $69.5M, and assets of $550.5M (revenue +7.2% year-over-year).
- 2016: Revenue of $60.7M, expenses of $72.2M, and assets of $463.7M (revenue +19.0% year-over-year).
- 2015: Revenue of $51.0M, expenses of $57.2M, and assets of $459.1M (revenue +55.9% year-over-year).
- 2014: Revenue of $32.7M, expenses of $39.0M, and assets of $340.8M (revenue +12.2% year-over-year).
- 2013: Revenue of $29.2M, expenses of $31.1M, and assets of $257.9M (revenue -1.3% year-over-year).
- 2012: Revenue of $29.6M, expenses of $29.0M, and assets of $263.5M (revenue +23.4% year-over-year).
- 2011: Revenue of $23.9M, expenses of $25.8M, and assets of $222.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ashby Ponds Inc:
Data Sources and Methodology
This transparency report for Ashby Ponds Inc 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.