Asi Homes Inc

Analysis

Asi Homes Inc is a registered charity in United States, based in St Paul, MN. It received its IRS tax-exemption ruling in March 2008, 18 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, Asi Homes Inc reported income of $371k and spending of $325k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $341k to $371k (+8.8%), an average of +2.1% a year. The sharpest change came in the year to December 2021, when income rose by 144%. Over the whole period it spent 81% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Asi Homes Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within MN. Charities of a similar size with the same main cause include Golden Gate Adult Rehabililition Minestry ($371k), Missionary Furlough Homes Foundation ($371k) and Samaritan Homeless Interim Program ($370k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 17% of the total. Other salaries and wages came to $11k. At year end it held assets of $909k against liabilities of $1.2m, net assets of -$247k.