Asa-Asa Foundation

Analysis

Asa-Asa Foundation is a registered charity in United States, based in Auburn, WA. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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, Asa-Asa Foundation reported income of $262k and spending of $210k, spending 80% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $127k to $262k (+106%), an average of +106% a year. The sharpest change came in the year to December 2023, when income rose by 106%. Over the whole period it spent 92% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Asa-Asa Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within WA. Charities of a similar size with the same main cause include Black Rock Vounteer Fire Company ($262k), Carthage Fire Department ($262k) and Woodlawn Fire Department ($262k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $59k against liabilities of $0, net assets of $59k.