Asi Southern Nevada Inc

Analysis

Asi Southern Nevada 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 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 Southern Nevada Inc reported income of $283k and spending of $307k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $192k to $283k (+47%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 53%. Over the whole period it spent 127% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Asi Southern Nevada Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within MN. Charities of a similar size with the same main cause include Southwoods Property Inc ($283k), South Hampton Roads Supportive Housing Inc ($283k) and Richard S Lieb Senior Apartments Inc ($283k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 22% of the total. Other salaries and wages came to $46k. At year end it held assets of $1.4m against liabilities of $180k, net assets of $1.3m.

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.