Asap Ministries Inc

Analysis

Asap Ministries Inc is a registered charity in United States, based in Berrien SPRGS, MI. It received its IRS tax-exemption ruling in June 1996, 30 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 September 2023, Asap Ministries Inc reported income of $3.5m and spending of $4.2m, spending 122% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.9m to $3.5m (+22%), an average of +5.0% a year. The sharpest change came in the year to September 2021, when income rose by 62%. Over the whole period it spent 94% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Asap Ministries Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within MI. Charities of a similar size with the same main cause include The Africa-America Institute ($3.5m), Pencils of Promise Incorporated ($3.5m) and Christadelphian Meal-A-Day Americas Inc ($3.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $142k (3.4% of expenses). Other salaries and wages came to $723k. At year end it held assets of $3.5m against liabilities of $414k, net assets of $3.1m. It reported 32 employees.