Asai Foundation

Analysis

Asai Foundation is a registered charity in United States, based in New Milford, NJ. It received its IRS tax-exemption ruling in January 2022, 4 years ago. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Asai Foundation reported income of $826k and spending of $6,876, leaving 99% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $100k to $826k (+726%), an average of +726% a year. The sharpest change came in the year to June 2023, when income rose by 726%. Over the whole period it spent 3.3% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Asai Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 80th percentile within NJ. Charities of a similar size with the same main cause include Boys & Girls Club of San Angelo Inc ($826k), Four Seasons Young Mens Christian Association ($826k) and International Precious Metals Educational & Scientific Foundatio ($826k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $896k against liabilities of $0, net assets of $896k.