Aasc Housing I Inc

Analysis

Aasc Housing I Inc is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in July 1998, 28 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 (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 2024, Aasc Housing I Inc reported income of $127k and spending of $151k, spending 118% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $68k to $127k (+88%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 58%. Over the whole period it spent 129% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Aasc Housing I Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 38th percentile within AK. Charities of a similar size with the same main cause include Blackstone United Methodist Housing Corporation ($127k), Adirondack Housing Development Corporation ($127k) and Fiddlers Manor Inc ($127k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $483k against liabilities of $1.2m, net assets of -$749k.