Asi Golden Valley Inc

Analysis

Asi Golden Valley Inc is a registered charity in United States, based in St Paul, MN. It received its IRS tax-exemption ruling in May 1991, 35 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 (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, Asi Golden Valley Inc reported income of $79k and spending of $87k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $116k to $79k (-32%), an average of -9.1% a year. The sharpest change came in the year to December 2020, when income dropped by 55%. Over the whole period it spent 112% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Asi Golden Valley Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 28th percentile within MN. Charities of a similar size with the same main cause include Lemmon Prairie Pine Apartments Inc ($79k), Joyce a and James R Reed Charitable Trust Inc ($79k) and Givelove ($79k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 20% of the total. Other salaries and wages came to $14k. At year end it held assets of $281k against liabilities of $38k, net assets of $242k.

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.