Asi-Spokane Inc

Analysis

Asi-Spokane Inc is a registered charity in United States, based in St Paul, MN. It received its IRS tax-exemption ruling in October 1993, 33 years ago. 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-Spokane Inc reported income of $207k and spending of $279k, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $177k to $207k (+17%), an average of +4.1% a year. Over the whole period it spent 139% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Asi-Spokane Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within MN. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($207k), Delta Area Senior Citizen Center ($207k) and Asi-Austin Inc ($207k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 36% of the total. Other salaries and wages came to $32k. At year end it held assets of $938k against liabilities of $127k, net assets of $812k.

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.