Asi Fort Collins Inc

Analysis

Asi Fort Collins Inc 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 Fort Collins Inc reported income of $174k and spending of $251k, spending 145% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $178k to $174k (-2.5%), an average of -0.6% a year. Over the whole period it spent 142% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Asi Fort Collins Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within MN. Charities of a similar size with the same main cause include South Pointe Phase III Inc ($173k), Hale Ulu Hoi III ($174k) and Laurel Housing Associates ($173k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 59% and program service revenue 41% of the total. Other salaries and wages came to $20k. At year end it held assets of $2.7m against liabilities of $883k, net assets of $1.8m.

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.