Ase Incorporated

Analysis

Ase Incorporated is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in July 2007, 19 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Ase Incorporated reported income of $286k and spending of $231k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $215k to $286k (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2022, when income rose by 201%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ase Incorporated sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within KY. Charities of a similar size with the same main cause include Clarksville-Montgomery County Arts & Heritage Development Council ($285k), Outerarts Maryland Inc ($286k) and Monday Evening Concerts ($285k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 67% of the total. At year end it held assets of $299k against liabilities of $10k, net assets of $289k.