Asa Education Foundation Inc

Analysis

Asa Education Foundation Inc is a registered charity in United States, based in Itasca, IL. It received its IRS tax-exemption ruling in February 1999, 27 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Asa Education Foundation Inc reported income of $420k and spending of $1.4m, spending 329% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $420k (-66%), an average of -23% a year. The sharpest change came in the year to December 2021, when income rose by 343%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Asa Education Foundation Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within IL. Charities of a similar size with the same main cause include Laurel Main Street Inc ($420k), Menomonee Valley Partners Inc ($420k) and Bexley Senior Citizens Housing Corp ($420k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.5% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $184k (13% of expenses). Other salaries and wages came to $550k. At year end it held assets of $13.8m against liabilities of $49k, net assets of $13.7m.