Aashka Company

Analysis

Aashka Company is a registered charity in United States, based in Hyde Park, MA. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Aashka Company reported income of $54k and spending of $40k, leaving 27% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $43k to $54k (+24%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 18%. Over the whole period it spent 68% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Aashka Company sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 30th percentile within MA. Charities of a similar size with the same main cause include Faith Community Outreach Center Inc ($54k), Faith Overseas Mission Incorporated ($54k) and Earth Angel Foundation Inc ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 11% of the total. At year end it held assets of $58k against liabilities of $0, net assets of $58k.