Quick charity verification for Asante Foundation Inc (EIN: 203554641)
Verdict: Asante Foundation Inc appears trustworthy
75/100Mission Score
$47.9MRevenue
$156.7MAssets
3Red Flags
3Strengths
Red Flags
Consistent operational deficits in recent years (e.g., 2023 expenses $16.87M vs. revenue $8.99M)
Unexplained increase in liabilities to $55,000 in 2022 and 2023 after years of negligible amounts
No reported officer compensation, which is unusual for an organization of this size and asset base
Strengths
Substantial and growing asset base, reaching $160.02M in 2023, indicating strong financial reserves or endowment
Significant revenue generation capacity, with latest reported revenue at $47.87M
Long operational history with 10 filings provided, suggesting stability and established presence
Spending Breakdown
How Asante Foundation Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Asante Foundation Inc
Is Asante Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Asante Foundation Inc (EIN: 203554641) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
Is Asante Foundation Inc a good charity to donate to?
Asante Foundation Inc has a Mission Score of 75/100. Revenue: $47.9M. Assets: $156.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Asante Foundation Inc?
The Employer Identification Number (EIN) for Asante Foundation Inc is 203554641. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Asante Foundation Inc spend its money?
Asante Foundation Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Asante Foundation Inc's tax-exempt status?
You can verify Asante Foundation Inc's tax-exempt status using EIN 203554641 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Asante Foundation Inc. demonstrates a fluctuating financial performance over the past decade. While the organization reported a significant latest revenue of $47,868,283, its recent 990 filings show a trend of expenses exceeding revenue in several periods, notably in 2023 ($16.87M expenses vs. $8.99M revenue) and 2022 ($12.26M expenses vs. $9.69M revenue). This indicates a reliance on prior year surpluses or investment income to cover operational costs. The organization's assets have grown substantially from $47.35M in 2011 to $160.02M in 2023, suggesting effective asset management or significant capital contributions over time. However, the recent increase in liabilities to $55,000 in 2022 and 2023, after years of negligible liabilities, warrants further investigation into their nature and impact on financial stability.
The absence of reported officer compensation across all available filings is a notable aspect of its financial transparency. While this could indicate that officers are uncompensated or compensated through a related entity, it requires clarification for a complete understanding of administrative costs. The NTEE code T22 (Hospital Foundations) suggests a clear program focus, and the substantial asset base provides a strong foundation for its mission. However, the consistent deficit spending in recent years raises questions about long-term operational sustainability if not addressed by increased revenue generation or expense management.
Overall, Asante Foundation Inc. appears to be a well-established organization with significant assets, but its recent financial performance shows a pattern of spending exceeding incoming revenue. While the lack of reported officer compensation is unusual, it doesn't necessarily indicate a lack of transparency, but rather a need for more detailed information regarding how administrative and executive functions are funded. The organization's ability to maintain its asset base despite recent deficits suggests a strong endowment or investment strategy, but sustained operational deficits could eventually erode this strength.