Asu Enterprise Partners

Analysis

Asu Enterprise Partners is a registered charity in United States, based in Tempe, AZ. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Asu Enterprise Partners reported income of $17.5m and spending of $35.8m, spending 204% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $65.7m to $17.5m (-73%), an average of -28% a year. The sharpest change came in the year to June 2021, when income dropped by 46%. Over the whole period it spent 69% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Asu Enterprise Partners sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within AZ. Charities of a similar size with the same main cause include North Valley Military Institute College Preparatory Academy ($17.5m), Kentucky Christian University Inc ($17.5m) and Ojai Valley School ($17.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $980k (2.7% of expenses). Other salaries and wages came to $4.9m. At year end it held assets of $361.8m against liabilities of $142.9m, net assets of $218.9m. It reported 205 employees.