Asha Foundation Inc

Analysis

Asha Foundation Inc is a registered charity in United States, based in Provo, UT. It received its IRS tax-exemption ruling in August 2012, 14 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 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, Asha Foundation Inc reported income of $52k and spending of $51k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $61k to $52k (-15%), an average of -15% a year. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Asha Foundation Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 19th percentile within UT. Charities of a similar size with the same main cause include Ted Gunther Memorial Scholarship Fund Inc ($52k), Hanover N H Rotary Charities Inc ($52k) and Randy Walker Legacy Foundation ($52k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $117k against liabilities of $0, net assets of $117k.