Asd Solutions Inc

Analysis

Asd Solutions Inc is a registered charity in United States, based in East Hanover, NJ. It received its IRS tax-exemption ruling in December 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Asd Solutions Inc reported income of $300k and spending of $219k, leaving 27% of income unspent that year. Across the 2 years on record, from July 2022 to July 2023, income grew from $96k to $300k (+214%), an average of +214% a year. The sharpest change came in the year to July 2023, when income rose by 214%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Asd Solutions Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 68th percentile within NJ. Charities of a similar size with the same main cause include Under His Wings Inc ($300k), Second Show Inc ($300k) and Bridging the Gap Together Incorporated ($300k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $51k (23% of expenses). Other salaries and wages came to $89k. At year end it held assets of $93k against liabilities of $0, net assets of $93k. It reported 11 employees.