Asta Education Foundation

Analysis

Asta Education Foundation is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Asta Education Foundation reported income of $159k and spending of $444k, spending 280% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $394k to $159k (-60%), an average of -20% a year. The sharpest change came in the year to December 2020, when income dropped by 50%. Over the whole period it spent 228% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Asta Education Foundation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within VA. Charities of a similar size with the same main cause include Friends of the Eugene Public Library ($159k), Aggie Redrock Foundation ($159k) and Carlsbad High School Television Booster Club ($159k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.2% of the total. Other salaries and wages came to $237k. At year end it held assets of $928k against liabilities of $2.2m, net assets of -$1.3m.

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.