Asts Foundation

Analysis

Asts Foundation is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in October 2003, 23 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Asts Foundation reported income of $1.1m and spending of $876k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $1.1m (-5.4%), an average of -1.4% a year. The sharpest change came in the year to December 2021, when income rose by 105%. Over the whole period it spent 83% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Asts Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within VA. Charities of a similar size with the same main cause include Samaritan Health & Living Center Inc ($1.1m), Free Clinic of Simi Valley ($1.1m) and Cayuga Medical Center Foundation ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% of the total. Other salaries and wages came to $53k. At year end it held assets of $22.9m against liabilities of $713k, net assets of $22.2m.