Asi Coronado Inc

Analysis

Asi Coronado Inc is a registered charity in United States, based in St Paul, MN. It received its IRS tax-exemption ruling in March 2016, 10 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Asi Coronado Inc reported income of $490k and spending of $854k, spending 174% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $464k to $490k (+5.6%), an average of +1.4% a year. Over the whole period it spent 169% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Asi Coronado Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within MN. Charities of a similar size with the same main cause include Homes Giving Hope Inc ($490k), Orchard Homes at Bethany Village Inc ($490k) and Sunstone Life Inc ($490k).

On its Form 990 for the period ending March 2024, revenue came from program service revenue 98% of the total. Other salaries and wages came to $104k. At year end it held assets of $8.6m against liabilities of $3.6m, net assets of $5.1m.

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.