Asi Henderson Inc

Analysis

Asi Henderson Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in December 2000, 26 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Asi Henderson Inc reported income of $177k and spending of $291k, spending 164% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $208k to $177k (-15%), an average of -3.9% a year. Over the whole period it spent 145% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Asi Henderson Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within MN. Charities of a similar size with the same main cause include Rayo Planning ($177k), New Prospects Housing Corporation ($177k) and Passman Plaza II Inc ($177k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 60% and program service revenue 40% of the total. Other salaries and wages came to $52k. At year end it held assets of $1.7m against liabilities of $604k, net assets of $1.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.