Aster Inc

Analysis

Aster Inc is a registered charity in United States, based in Eugene, OR. It received its IRS tax-exemption ruling in September 2007, 19 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, Aster Inc reported income of $282k and spending of $428k, spending 152% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $265k to $282k (+6.3%), an average of +1.5% a year. Over the whole period it spent 147% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Aster Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within OR. Charities of a similar size with the same main cause include Housing Opportunities Housing Development Fund Corporation ($282k), Turning Point Center ($282k) and Trinity Homes for Elderly Inc ($282k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 82% of the total. At year end it held assets of $4.4m against liabilities of $37k, net assets of $4.3m.

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.