Asca Foundation

Analysis

Asca Foundation is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in January 1976, 50 years ago. 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, Asca Foundation reported income of $4.5m and spending of $3.9m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.1m to $4.5m (+11%), an average of +2.7% a year. The sharpest change came in the year to December 2022, when income rose by 95%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Asca Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within VA. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($4.5m), Garrett Williamson ($4.5m) and Alternative Elder Living Inc ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $612k (16% of expenses). Other salaries and wages came to $620k. At year end it held assets of $7.7m against liabilities of $1.7m, net assets of $5.9m. It reported 24 employees.