Ashreinu Corporation

Analysis

Ashreinu Corporation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in September 1988, 38 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Ashreinu Corporation reported income of $760k and spending of $739k, spending 97% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $803k to $760k (-5.4%), an average of -1.1% a year. The sharpest change came in the year to June 2020, when income dropped by 23%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ashreinu Corporation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include Olympia-Tumwater Foundation ($759k), Open Your Hearts to the Hungry and Homeless ($760k) and Rocky Ridge Music Center Foundation ($759k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $282k (38% of expenses). Other salaries and wages came to $105k. At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m.