Afsa Building Company

Analysis

Afsa Building Company is a registered charity in United States, based in Vadnais HTS, MN. It received its IRS tax-exemption ruling in October 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Afsa Building Company reported income of $929k and spending of $989k, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $612k to $929k (+52%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 134% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Afsa Building Company sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within MN. Charities of a similar size with the same main cause include Ross Valley Nursery School ($929k), East Montgomery County Scholarship Foundation ($930k) and Howard Whittemore Memorial Library ($929k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 96% of the total. At year end it held assets of $9.7m against liabilities of $13.1m, net assets of -$3.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.