Asm Global Acts Foundation

Analysis

Asm Global Acts Foundation is a registered charity in United States, based in Conshohocken, PA. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Asm Global Acts Foundation reported income of $235k and spending of $157k, leaving 33% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $180k to $235k (+31%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 59% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Asm Global Acts Foundation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within PA. Charities of a similar size with the same main cause include Riverview Educational Foundation ($235k), GMR Foundation for Research and Education ($235k) and One Voice Foundation ($235k).

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 $195k against liabilities of $23k, net assets of $172k.