Asi Owatonna Inc

Analysis

Asi Owatonna Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in August 2008, 18 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 Owatonna Inc reported income of $135k and spending of $193k, spending 143% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $108k to $135k (+25%), an average of +5.7% a year. Over the whole period it spent 143% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Asi Owatonna Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 42nd percentile within MN. Charities of a similar size with the same main cause include Luther Senior Center East ($135k), Keystone Village Inc ($135k) and L J R Corporation ($135k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 62% and program service revenue 38% of the total. Other salaries and wages came to $26k. At year end it held assets of $1.6m against liabilities of $402k, net assets of $1.2m.

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.