Asi Willmar Inc

Analysis

Asi Willmar Inc is a registered charity in United States, based in St Paul, MN. It received its IRS tax-exemption ruling in January 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Willmar Inc reported income of $161k and spending of $210k, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $130k to $161k (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2021, when income rose by 18%. Over the whole period it spent 134% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Asi Willmar Inc sits at the 43rd percentile: it is larger than about 43% 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 Community Mindfulness Project Incorporated ($161k), Ach Landowner III ($161k) and Clover Commons Inc ($161k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. Other salaries and wages came to $29k. At year end it held assets of $765k against liabilities of $86k, net assets of $679k.

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.