Ashinaga Inc

Analysis

Ashinaga Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Ashinaga Inc reported income of $276k and spending of $476k, spending 173% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income fell from $564k to $276k (-51%), an average of -16% a year. The sharpest change came in the year to March 2020, when income rose by 85%. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ashinaga Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include The Somerville Foundation Inc ($276k), Launch Learning Inc ($276k) and Tyson Library Assoc ($276k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $159k. At year end it held assets of $181k against liabilities of $13k, net assets of $168k. It reported 2 employees.