The Foundation of the American Subcontractors Association Inc

Analysis

The Foundation of the American Subcontractors Association Inc is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in March 1989, 37 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, The Foundation of the American Subcontractors Association Inc reported income of $186k and spending of $78k, leaving 58% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $6,841 to $186k (+2624%), an average of +128% a year. The sharpest change came in the year to June 2023, when income rose by 687%. Over the whole period it spent 50% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Foundation of the American Subcontractors Association Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within VA. Charities of a similar size with the same main cause include Eagle Senior Village Inc ($186k), Habitat for Humanity International Inc ($186k) and March on Harrisburg Education Fund ($186k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $952k against liabilities of $13k, net assets of $939k.