Aase Haugen Foundation Inc

Analysis

Aase Haugen Foundation Inc is a registered charity in United States, based in Decorah, IA. It received its IRS tax-exemption ruling in August 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Aase Haugen Foundation Inc reported income of $113k and spending of $36k, leaving 68% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $78k to $113k (+45%), an average of +9.8% a year. The sharpest change came in the year to December 2022, when income rose by 533%. Over the whole period it spent 20% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Aase Haugen Foundation Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within IA. Charities of a similar size with the same main cause include Pay It Forward Outreach Corp ($113k), Meals on Wheels Graham Texas ($113k) and Street Teens a Nevada Non-Profit Corporation ($113k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% of the total. At year end it held assets of $1.4m against liabilities of $2,677, net assets of $1.3m.