Asi-Reno Inc

Analysis

Asi-Reno Inc is a registered charity in United States, based in St Paul, MN. It received its IRS tax-exemption ruling in July 1993, 33 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 December 2023, Asi-Reno Inc reported income of $165k and spending of $264k, spending 160% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $192k to $165k (-14%), an average of -3.8% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 118% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Asi-Reno Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within MN. Charities of a similar size with the same main cause include Henry County Housing Development Group Inc ($165k), West End Gardens Housing Develop- Ment Fund Company Inc ($165k) and Regional Housing Solutions ($165k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 41% of the total. Other salaries and wages came to $28k. At year end it held assets of $1.1m against liabilities of $61k, net assets of $1.0m.

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.