Asanpee Care Inc

Analysis

Asanpee Care Inc is a registered charity in United States, based in Westland, MI. It received its IRS tax-exemption ruling in March 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Asanpee Care Inc reported income of $893k and spending of $995k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $489k to $893k (+82%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 46%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Asanpee Care Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within MI. Charities of a similar size with the same main cause include Claremont Courier ($893k), Child Care Junction Inc ($893k) and Adagio House ($892k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 88% of the total. Other salaries and wages came to $340k. At year end it held assets of $19k against liabilities of $193k, net assets of -$174k. It reported 17 employees.

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.