Assam Foundation of North America Inc

Analysis

Assam Foundation of North America Inc is a registered charity in United States, based in Canton, MI. It received its IRS tax-exemption ruling in February 1982, 44 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 December 2023, Assam Foundation of North America Inc reported income of $63k and spending of $100k, spending 159% of what it took in. Across the 2 years on record, from December 2021 to December 2023, income fell from $223k to $63k (-72%), an average of -72% a year. The sharpest change came in the year to December 2023, when income dropped by 72%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Assam Foundation of North America Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 24th percentile within MI. Charities of a similar size with the same main cause include Little League Baseball Inc ($63k), PTA California Congress of Parents Teachers and Students Inc ($63k) and Grant County Historical Society of Elbow Lake Minnesota ($63k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $145k against liabilities of $0, net assets of $145k.