Asspen International Inc

Analysis

Asspen International Inc is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in December 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Asspen International Inc reported income of $109k and spending of $78k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $132k to $109k (-17%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 145% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Asspen International Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 27th percentile within PR. Charities of a similar size with the same main cause include Smile Again ($109k), Gateway International ($109k) and Spark Discipleship Inc ($109k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $274k against liabilities of $35k, net assets of $239k.