Ashrei Foundation

Analysis

Ashrei Foundation is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Ashrei Foundation reported income of $125k and spending of $197k, spending 158% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $961k to $125k (-87%), an average of -87% a year. The sharpest change came in the year to December 2023, when income dropped by 87%. Over the whole period it spent 26% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ashrei Foundation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 40th percentile within MO. Charities of a similar size with the same main cause include Ppym Inc ($125k), JB Line Inc ($125k) and Food for Fairview Incorporated ($125k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $92k (46% of expenses). Other salaries and wages came to $2,168. At year end it held assets of $814k against liabilities of $4,905, net assets of $809k. It reported 2 employees.