Asm International

Analysis

Asm International is a registered charity in United States, based in Novelty, OH. It received its IRS tax-exemption ruling in December 2000, 26 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 December 2023, Asm International reported income of $8.9m and spending of $15.0m, spending 168% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $36.2m to $8.9m (-75%), an average of -30% a year. The sharpest change came in the year to December 2020, when income dropped by 73%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Asm International sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within OH. Charities of a similar size with the same main cause include Public Technical Identifiers ($8.9m), Lynnewood Hall Preservation Foundation Inc ($9.0m) and Palm Springs Art Museum ($8.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.7% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $1.5m (10% of expenses). Other salaries and wages came to $5.3m. At year end it held assets of $31.2m against liabilities of $10.4m, net assets of $20.7m. It reported 103 employees.