Aasha Foundation

Analysis

Aasha Foundation is a registered charity in United States, based in The Colony, TX. It received its IRS tax-exemption ruling in January 2018, 8 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, Aasha Foundation reported income of $175k and spending of $96k, leaving 45% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $5,178 to $175k (+3276%), an average of +3276% a year. The sharpest change came in the year to December 2023, when income rose by 3276%. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Aasha Foundation sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within TX. Charities of a similar size with the same main cause include Eastside Friends of Seniors ($175k), At Home Advocacy Inc ($175k) and The River Fund Maine ($175k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $149k against liabilities of $0, net assets of $149k.