Asi Brainerd Inc

Analysis

Asi Brainerd Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in October 1993, 33 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 2024, Asi Brainerd Inc reported income of $184k and spending of $249k, spending 135% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $300k to $184k (-39%), an average of -12% a year. The sharpest change came in the year to June 2021, when income dropped by 36%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Asi Brainerd Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within MN. Charities of a similar size with the same main cause include Hanalei Hawaiian Civic Club ($184k), Orlando Rowing Association Inc ($184k) and Swope Parkway Housing Inc ($184k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 53% and program service revenue 45% of the total. Other salaries and wages came to $33k. At year end it held assets of $710k against liabilities of $101k, net assets of $609k.

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.