Asante Foundation

Analysis

Asante Foundation is a registered charity in United States, based in Medford, OR. It received its IRS tax-exemption ruling in January 1974, 52 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 September 2023, Asante Foundation reported income of $10.9m and spending of $5.3m, leaving 51% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $5.1m to $10.9m (+116%), an average of +21% a year. The sharpest change came in the year to September 2021, when income rose by 181%. Over the whole period it spent 50% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Asante Foundation sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within OR. Charities of a similar size with the same main cause include South Yarmouth Management Systems Inc ($10.9m), Femhealth USA Inc ($10.9m) and Rainbow Babies & Childrens Foundation ($10.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 89% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $58.5m against liabilities of $238k, net assets of $58.3m.