Asi Watertown Inc

Analysis

Asi Watertown 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 Watertown Inc reported income of $144k and spending of $185k, spending 129% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $89k to $144k (+62%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 124%. Over the whole period it spent 170% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Asi Watertown Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within MN. Charities of a similar size with the same main cause include Harlingen Community Development Corporation ($144k), Women Veterans Support Services Inc ($144k) and Roof Over Head Collaborative ($144k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 35% and program service revenue 35% of the total. Other salaries and wages came to $23k. At year end it held assets of $1.7m against liabilities of $121k, net assets of $1.6m.

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.