Asi Greeley II Inc

Analysis

Asi Greeley II Inc is a registered charity in United States, based in St Paul, MN. It received its IRS tax-exemption ruling in March 2011, 15 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 Greeley II Inc reported income of $125k and spending of $196k, spending 157% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income fell from $204k to $125k (-39%), an average of -12% a year. The sharpest change came in the year to March 2022, when income rose by 44%. Over the whole period it spent 136% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Asi Greeley II Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 40th percentile within MN. Charities of a similar size with the same main cause include Vollintine Evergreen Community Association ($125k), Ahep 421 Inc ($125k) and Meadow Lakes Seniors Inc ($125k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 53% and program service revenue 47% of the total. Other salaries and wages came to $7,408. At year end it held assets of $2.1m against liabilities of $113k, net assets of $2.0m.

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.