Asclepius Corporation

Analysis

Asclepius Corporation is a registered charity in United States, based in Hyannis, MA. It received its IRS tax-exemption ruling in April 1987, 39 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Asclepius Corporation reported income of $347k and spending of $254k, leaving 27% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $347k to $347k (-0.0%), an average of +-0.0% a year. Over the whole period it spent 78% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Asclepius Corporation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within MA. Charities of a similar size with the same main cause include Freeway Park Neighborhood Group ($347k), Central Area Collaborative ($348k) and WV Coalition for Technology-Based Economic Development Inc ($347k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $839k against liabilities of $515k, net assets of $324k.