Asi

Analysis

Asi is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in September 1987, 39 years ago. 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 June 2023, Asi reported income of $10.6m and spending of $11.2m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.7m to $10.6m (+37%), an average of +8.2% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Asi sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IL. Charities of a similar size with the same main cause include Park Nicollet Foundation ($10.6m), New Orleans Mission Inc ($10.6m) and Grace Centers of Hope ($10.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 56% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $213k (1.9% of expenses). Other salaries and wages came to $7.9m. At year end it held assets of $2.8m against liabilities of $1.3m, net assets of $1.6m. It reported 392 employees.