Asi-St Cloud Inc

Analysis

Asi-St Cloud Inc is a registered charity in United States, based in St Paul, MN. It received its IRS tax-exemption ruling in January 1993, 33 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 December 2023, Asi-St Cloud Inc reported income of $185k and spending of $258k, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $154k to $185k (+21%), an average of +4.8% a year. Over the whole period it spent 125% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Asi-St Cloud Inc sits at the 49th percentile: it is larger than about 49% 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 Share a Smile ($185k), Worldorlando Inc ($185k) and Metropolitan Education District Foundation ($185k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. Other salaries and wages came to $28k. At year end it held assets of $575k against liabilities of $72k, net assets of $503k.

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.