Asmba Star Foundation

Analysis

Asmba Star Foundation is a registered charity in United States, based in Goodlettsvlle, TN. It received its IRS tax-exemption ruling in February 2009, 17 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 March 2024, Asmba Star Foundation reported income of $294k and spending of $138k, leaving 53% of income unspent that year. Across the 6 years on record, from March 2019 to March 2024, income grew from $170k to $294k (+73%), an average of +12% a year. The sharpest change came in the year to March 2024, when income rose by 60%. Over the whole period it spent 54% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Asmba Star Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 62nd percentile within TN. Charities of a similar size with the same main cause include Mercer County Fellowship Home Inc ($294k), Pine Knoll Publications Inc ($294k) and Helping Hand Rescue Mission ($294k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 64% of the total. At year end it held assets of $2.4m against liabilities of $15k, net assets of $2.4m.