Asa Foundation

Analysis

Asa Foundation is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2023, Asa Foundation reported income of $136k and spending of $125k, spending 92% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $98k to $136k (+39%), an average of +39% a year. The sharpest change came in the year to June 2023, when income rose by 39%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Asa Foundation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 47th percentile within CA. Charities of a similar size with the same main cause include Contra Costa Chorale ($136k), Tri Lakes Center for the Arts ($136k) and Persephone Productions Inc ($136k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. At year end it held assets of $19k against liabilities of $27k, net assets of -$7,538.