Apse Foundation

Analysis

Apse Foundation is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in July 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Apse Foundation reported income of $168k and spending of $163k, spending 97% of its income. Across the 3 years on record, from September 2020 to September 2023, income fell from $645k to $168k (-74%), an average of -49% a year. The sharpest change came in the year to September 2022, when income dropped by 80%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Apse Foundation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within MD. Charities of a similar size with the same main cause include Eastern Idaho Down Syndrome Family Connect Inc ($168k), Art Feeds ($168k) and Helping Humanity First ($168k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $276k against liabilities of $0, net assets of $276k.