Asante Family Agency Inc

Analysis

Asante Family Agency Inc is a registered charity in United States, based in Highland, CA. It received its IRS tax-exemption ruling in October 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Asante Family Agency Inc reported income of $656k and spending of $614k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $417k to $656k (+57%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 47%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Asante Family Agency Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Helping Hands Ending Hunger Inc ($656k), Riverside County Professional Firefighters Benevolent Fund ($656k) and Funadacion Azriel Corp ($656k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $272k (44% of expenses). Other salaries and wages came to $249k. At year end it held assets of $94k against liabilities of $559, net assets of $94k. It reported 7 employees.