Asmt Inc

Analysis

Asmt Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in January 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Asmt Inc reported income of $299k and spending of $293k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $216k to $299k (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Asmt Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 63rd percentile within TN. Charities of a similar size with the same main cause include Siskiyou Food Assistance Corporation ($299k), Delta Conservation Demonstration Center ($299k) and Marketing Accountability Foundation ($299k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $44k (15% of expenses). Other salaries and wages came to $167k. At year end it held assets of $65k against liabilities of $9,686, net assets of $56k. It reported 9 employees.