Asf Foundation Inc

Analysis

Asf Foundation Inc is a registered charity in United States, based in Montgomery, AL. It received its IRS tax-exemption ruling in October 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 September 2023, Asf Foundation Inc reported income of $1.5m and spending of $1.4m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $938k to $1.5m (+55%), an average of +12% a year. The sharpest change came in the year to September 2023, when income rose by 39%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Asf Foundation Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 87th percentile within AL. Charities of a similar size with the same main cause include Mid-Coast Recreation Center Inc ($1.5m), California Grocers Association Educational Foundation ($1.5m) and Lhaq Temish Foundation ($1.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 93% and program service revenue 6.1% of the total. Compensation of current officers, directors and key employees was $117k (8.4% of expenses). Other salaries and wages came to $288k. It paid $72k in professional fundraising fees. At year end it held assets of $672k against liabilities of $101k, net assets of $571k. It reported 8 employees.