Asa Charitable Foundation

Analysis

Asa Charitable Foundation is a registered charity in United States, based in Schaumburg, IL. It received its IRS tax-exemption ruling in June 2013, 13 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Asa Charitable Foundation reported income of $412k and spending of $268k, leaving 35% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $199k to $412k (+107%), an average of +108% a year. The sharpest change came in the year to December 2023, when income rose by 107%. Over the whole period it spent 73% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Asa Charitable Foundation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within IL. Charities of a similar size with the same main cause include Team Survivor Northwest ($412k), Florida Medical Clinic Foundation of Caring Inc ($412k) and Brain Injury Association of Kansas and Greater Kansas City Inc ($412k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.7m against liabilities of $1.4m, net assets of $253k.