Asis Foundation Inc

Analysis

Asis Foundation Inc is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in March 1967, 59 years ago. 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 June 2023, Asis Foundation Inc reported income of $195k and spending of $307k, spending 158% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $259k to $195k (-25%), an average of -6.9% a year. The sharpest change came in the year to June 2021, when income dropped by 24%. Over the whole period it spent 124% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Asis Foundation Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within VA. Charities of a similar size with the same main cause include Lehigh Valley Arts and Cultural Alliance ($195k), Twin Cities Public Action to Deliver Shelter Inc ($195k) and San Ramon Valley Education Foundation ($195k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% of the total. Compensation of current officers, directors and key employees was $117k (38% of expenses). Other salaries and wages came to $29k. At year end it held assets of $1.3m against liabilities of $45k, 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.