Assist Inc

Analysis

Assist Inc is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in October 1971, 55 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Assist Inc reported income of $2.2m and spending of $2.2m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $2.2m (+89%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 31%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Assist Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within UT. Charities of a similar size with the same main cause include Norman Affordable Housing Corporation ($2.2m), Shiloh Place ($2.2m) and LGBTQ Senior Housing Inc ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $105k (4.9% of expenses). Other salaries and wages came to $571k. At year end it held assets of $576k against liabilities of $288k, net assets of $288k. It reported 6 employees.