Astor Assets Inc

Analysis

Astor Assets Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in August 2011, 15 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Astor Assets Inc reported income of $1.0m and spending of $764k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $603k to $1.0m (+68%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Astor Assets Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within MA. Charities of a similar size with the same main cause include Etc Housing Corporation ($1.0m), Regency Senior Housing Inc ($1.0m) and Pecan Community Association Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 94% of the total. At year end it held assets of $6.2m against liabilities of $5.5m, net assets of $670k.