Asi Freeport Senior Housing Inc

Analysis

Asi Freeport Senior Housing Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in August 2007, 19 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 Freeport Senior Housing Inc reported income of $227k and spending of $303k, spending 134% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $212k to $227k (+7.4%), an average of +1.8% a year. The sharpest change came in the year to June 2021, when income dropped by 25%. Over the whole period it spent 135% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Asi Freeport Senior Housing Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within MN. Charities of a similar size with the same main cause include Lutheran Housing of LA Crosse Inc ($227k), Dreams 4 All Foundation ($227k) and Merrill Community Homeless Center Inc ($227k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 55% and program service revenue 42% of the total. Other salaries and wages came to $32k. At year end it held assets of $2.4m against liabilities of $58k, net assets of $2.4m.

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.