Asi Alexandria Inc

Analysis

Asi Alexandria Inc is a registered charity in United States, based in St Paul, MN. It received its IRS tax-exemption ruling in November 2009, 17 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 March 2024, Asi Alexandria Inc reported income of $138k and spending of $176k, spending 127% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $118k to $138k (+17%), an average of +4.1% a year. The sharpest change came in the year to March 2021, when income rose by 59%. Over the whole period it spent 122% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Asi Alexandria Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within MN. Charities of a similar size with the same main cause include Wieder-Silver Manor Apartments ($138k), Stanton Accessible Apartments ($138k) and Tumbleweed Housing Foundation ($138k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 45% and program service revenue 55% of the total. Other salaries and wages came to $26k. At year end it held assets of $1.6m against liabilities of $39k, net assets of $1.6m.

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.