Asi Longmont Inc

Analysis

Asi Longmont Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in July 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 Longmont Inc reported income of $121k and spending of $245k, spending 202% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $124k to $121k (-2.6%), an average of -0.7% a year. Over the whole period it spent 166% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Asi Longmont Inc sits at the 27th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 39th percentile within MN. Charities of a similar size with the same main cause include Rebuilding Together-Muscatine ($121k), Abcap Housing III Inc ($121k) and Hachnosos Kallah of Passaic-Clifton Inc ($121k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 40% and program service revenue 59% of the total. Other salaries and wages came to $27k. At year end it held assets of $1.8m against liabilities of $1.0m, net assets of $787k.

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.