Asi Woodlands Senior Housing Inc

Analysis

Asi Woodlands Senior Housing Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in March 2005, 21 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Asi Woodlands Senior Housing Inc reported income of $402k and spending of $528k, spending 131% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $313k to $402k (+28%), an average of +6.4% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 144% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Asi Woodlands Senior Housing Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within MN. Charities of a similar size with the same main cause include Nashville Launch Pad Inc ($402k), St Peters Senior Citizens Corporation ($402k) and Hoskins Park Ministries Inc ($401k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 41% and program service revenue 58% of the total. Other salaries and wages came to $72k. At year end it held assets of $3.5m against liabilities of $147k, net assets of $3.4m.

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.