Ase Education and Research Foundation Inc

Analysis

Ase Education and Research Foundation Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in January 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Ase Education and Research Foundation Inc reported income of $251k and spending of $307k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $977k to $251k (-74%), an average of -29% a year. The sharpest change came in the year to December 2023, when income dropped by 54%. Over the whole period it spent 66% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Ase Education and Research Foundation Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within NC. Charities of a similar size with the same main cause include Dipasquale Moore Law Firm Foundation ($250k), Miller Zell Charities Inc ($251k) and Actors Equity Foundation Inc ($250k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% of the total. Other salaries and wages came to $129k. At year end it held assets of $2.8m against liabilities of $0, net assets of $2.8m.