Asphalt Institute Foundation Inc

Analysis

Asphalt Institute Foundation Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in November 2014, 12 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Asphalt Institute Foundation Inc reported income of $890k and spending of $244k, leaving 73% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $890k (-40%), an average of -12% a year. The sharpest change came in the year to December 2021, when income rose by 162%. Over the whole period it spent 22% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Asphalt Institute Foundation Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within KY. Charities of a similar size with the same main cause include Community Workshop Resources Corp ($890k), Karma House Inc ($890k) and Cardus Inc ($890k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 105% of the total. At year end it held assets of $4.5m against liabilities of $157k, net assets of $4.3m.