Aasc II

Analysis

Aasc II is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in December 2006, 20 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Aasc II reported income of $125k and spending of $201k, spending 161% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $119k to $125k (+5.0%), an average of +1.2% a year. The sharpest change came in the year to June 2021, when income rose by 61%. Over the whole period it spent 141% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Aasc II sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 38th percentile within AK. Charities of a similar size with the same main cause include Grace Family Services ($125k), River Cliff Manor Inc ($125k) and Habitat Capital Resources Corporation ($125k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $2.2m against liabilities of $2.0m, net assets of $227k.

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.