Asset Inc

Analysis

Asset Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in January 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Asset Inc reported income of $596k and spending of $601k, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.1m to $596k (-71%), an average of -27% a year. The sharpest change came in the year to June 2022, when income rose by 179%. Over the whole period it spent 123% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Asset Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within PA. Charities of a similar size with the same main cause include Little Childrens Developmental Center ($596k), Lakeland Academy Community School ($596k) and St Johns Child Development Center LLC ($596k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $103k (17% of expenses). Other salaries and wages came to $164k. At year end it held assets of $436k against liabilities of $25k, net assets of $410k. It reported 4 employees.