Asi Mobile Inc an Alabama Nonprofit Corporation

Analysis

Asi Mobile Inc an Alabama Nonprofit Corporation is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in May 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 June 2024, Asi Mobile Inc an Alabama Nonprofit Corporation reported income of $211k and spending of $364k, spending 173% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $160k to $211k (+32%), an average of +7.2% a year. The sharpest change came in the year to June 2024, when income rose by 26%. Over the whole period it spent 160% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Asi Mobile Inc an Alabama Nonprofit Corporation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within MN. Charities of a similar size with the same main cause include Champion Community Senior Housing Inc ($211k), RVM Myrtle Creek II Housing Corporation ($211k) and St Annes Retirement Community ($210k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 79% and program service revenue 21% of the total. Other salaries and wages came to $15k. At year end it held assets of $1.9m against liabilities of $182k, net assets of $1.7m.

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.