Asset Funders Network

Analysis

Asset Funders Network is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Asset Funders Network reported income of $4.4m and spending of $4.4m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $4.4m (+109%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 83%. Over the whole period it spent 84% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Asset Funders Network sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within IL. Charities of a similar size with the same main cause include Jewish Community Alliance of Southern Maine ($4.4m), Mission Investors Exchange Inc ($4.4m) and Arlington Community Foundation ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.6% of the total. Compensation of current officers, directors and key employees was $255k (5.8% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $2.9m against liabilities of $271k, net assets of $2.6m. It reported 36 employees.