Asi McAlester Inc

Analysis

Asi McAlester 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 McAlester Inc reported income of $148k and spending of $201k, spending 136% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $124k to $148k (+19%), an average of +4.4% a year. The sharpest change came in the year to March 2024, when income rose by 24%. Over the whole period it spent 148% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Asi McAlester Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 44th percentile within MN. Charities of a similar size with the same main cause include Greenfield Commons Inc ($148k), Hope Housing Foundation ($148k) and Curry Hayes Homes Inc ($148k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 45% and program service revenue 19% of the total. Other salaries and wages came to $17k. At year end it held assets of $2.0m against liabilities of $82k, net assets of $1.9m.

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.