Asi Freeport Inc

Analysis

Asi Freeport Inc is a registered charity in United States, based in St Paul, MN. It received its IRS tax-exemption ruling in August 2012, 14 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 March 2024, Asi Freeport Inc reported income of $191k and spending of $302k, spending 158% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $160k to $191k (+19%), an average of +4.5% a year. Over the whole period it spent 167% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Asi Freeport Inc sits at the 37th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within MN. Charities of a similar size with the same main cause include Hebrew Seniorlife Affiliated Medical Group Inc ($191k), Union Senior Residents Housing Corporation ($191k) and Spectrum Closter Apartments Inc ($191k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 63% and program service revenue 37% of the total. Other salaries and wages came to $47k. At year end it held assets of $3.3m against liabilities of $203k, net assets of $3.1m.

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.