Asu Research Enterprise

Analysis

Asu Research Enterprise is a registered charity in United States, based in Tempe, AZ. It received its IRS tax-exemption ruling in August 2014, 12 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 June 2023, Asu Research Enterprise reported income of $809k and spending of $3.5m, spending 437% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.6m to $809k (-48%), an average of -15% a year. The sharpest change came in the year to June 2021, when income rose by 2738%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Asu Research Enterprise sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 74th percentile within AZ. Charities of a similar size with the same main cause include Baltimore Outreach Services Inc ($809k), Helping Families in Need ($809k) and Multi-Agency Support Services ($809k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $317k (9.0% of expenses). Other salaries and wages came to $541k. At year end it held assets of $423k against liabilities of $802k, net assets of -$379k. It reported 11 employees.