Asi Fargo Inc

Analysis

Asi Fargo Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2024, Asi Fargo Inc reported income of $148k and spending of $187k, spending 126% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $127k to $148k (+17%), an average of +3.9% a year. Over the whole period it spent 135% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Asi Fargo Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 44th percentile within MN. Charities of a similar size with the same main cause include Ken-Crest Housing Pa 2007 Inc ($148k), Carbondale Senior Housing Corporation Phase III ($148k) and Leverage International Incorporated ($148k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 62% and program service revenue 38% of the total. Other salaries and wages came to $10k. At year end it held assets of $1.1m against liabilities of $112k, net assets of $988k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.