Asae Research Foundation

Analysis

Asae Research Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in August 1983, 43 years ago. Its declared purposes cover community improvement and capacity building, 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 August 2023, Asae Research Foundation reported income of $1.7m and spending of $1.8m, spending 109% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $3.5m to $1.7m (-53%), an average of -17% a year. The sharpest change came in the year to August 2021, when income rose by 74%. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Asae Research Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 63rd percentile within DC. Charities of a similar size with the same main cause include Hope & Main ($1.7m), Cil Community Resources Incorporated ($1.7m) and The Incentive Research Foundation ($1.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 33% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $368k (20% of expenses). At year end it held assets of $27.4m against liabilities of $6.4m, net assets of $21.0m.