Ases Foundation

Analysis

Ases Foundation is a registered charity in United States, based in Schaumburg, IL. It received its IRS tax-exemption ruling in August 1984, 42 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 December 2023, Ases Foundation reported income of $1.7m and spending of $1.5m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $895k to $1.7m (+94%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 63%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ases Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within IL. Charities of a similar size with the same main cause include Little Peoples Head Start of Nevada ($1.7m), Sarah Daft Home ($1.7m) and San Jose Day Nursery ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 5.5% of the total. At year end it held assets of $6.2m against liabilities of $126k, net assets of $6.0m.