Aasc Ii

Aasc Ii consistently operates at a deficit, drawing down assets over the past decade.

EIN: 205544885 · Anchorage, AK · NTEE: L22 · Updated: 2026-03-28

$144KRevenue

$2.2MAssets

65/100Mission Score (Good)

L22

About Aasc Ii

Aasc Ii (EIN: 205544885) is a nonprofit organization based in Anchorage, AK, classified under NTEE code L22. The organization reported total revenue of $144K and total assets of $2.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Aasc Ii's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Aasc Ii demonstrates consistent financial operations, though it has regularly spent more than it brings in, as evidenced by expenses exceeding revenue in every reported period. For example, in 202406, revenue was $125,051 while expenses were $201,419. This trend has led to a gradual decline in assets over the past decade, from $2,744,198 in 201506 to $2,194,976 currently. Despite this, the organization maintains substantial assets relative to its annual revenue, suggesting a stable, albeit slowly diminishing, financial base. The consistent reporting of 0% officer compensation across all filings indicates a commitment to minimizing administrative overhead in this area and strong transparency regarding executive pay.

The organization's NTEE code L22 suggests a focus on housing and shelter for the homeless, which is a critical program area. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories from the provided data, it's challenging to fully assess spending efficiency. The consistent deficit spending is a concern for long-term sustainability, even with significant existing assets. Transparency is high regarding executive compensation, with no reported officer compensation, which is a positive indicator for donor trust.

Overall, Aasc Ii appears to be a transparent organization with a clear mission, but its financial model of consistent deficit spending warrants closer examination. While current assets provide a buffer, this trend is not sustainable indefinitely. Donors might want to understand the specific nature of their expenses and how they plan to address the recurring revenue-expense gap.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Aasc Ii with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 15%
programs: 75%
fundraising: 10%

According to IRS 990 filings, Aasc Ii allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all filings, indicating that no officers receive compensation, which is highly favorable for minimizing administrative costs relative to the organization's size and revenue.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Aasc Ii's IRS 990 filings:

Consistent deficit spending, with expenses exceeding revenue in all reported periods (e.g., 202406 revenue $125,051 vs. expenses $201,419).
Declining asset base over the past decade, from $2,744,198 in 201506 to $2,194,976 currently.
High and consistent liabilities around $2 million, which could indicate significant debt or long-term obligations.

Strengths

The following positive indicators were identified for Aasc Ii:

Zero reported officer compensation across all filings, indicating efficient use of funds in executive pay.
Substantial asset base ($2,194,976) relative to annual revenue, providing a financial buffer.
Consistent filing history (14 filings) demonstrates transparency and adherence to reporting requirements.

Frequently Asked Questions about Aasc Ii

How does Aasc Ii plan to address its consistent deficit spending?

The organization has consistently spent more than its revenue, with expenses exceeding revenue in every reported period (e.g., $201,419 expenses vs. $125,051 revenue in 202406). Understanding their strategy to balance the budget is crucial for long-term sustainability.

What is the detailed breakdown of Aasc Ii's expenses into program, administrative, and fundraising costs?

Without a detailed breakdown, it's difficult to fully assess spending efficiency. While the provided data shows total expenses, the allocation to core programs versus overhead is not clear.

What is the specific nature of the liabilities, which consistently hover around $2 million?

Liabilities have remained consistently high, around $2 million (e.g., $2,017,509 in 202406). Understanding the nature of these liabilities (e.g., mortgages, program-related debt) is important for a complete financial picture.

What is the organization's strategy for asset management given the declining trend?

Assets have decreased from $2,744,198 in 201506 to $2,194,976 currently. While still substantial, this decline warrants inquiry into their asset management and investment strategies.

Filing History

IRS 990 filing history for Aasc Ii showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2011–2024), Aasc Ii's revenue has grown by 39.1%, moving from $90K to $125K. Total assets decreased by 27.5% over the same period, from $3.1M to $2.2M. Total functional expenses rose by 27.5%, from $158K to $201K. In its most recent filing year (2024), Aasc Ii reported a deficit of $76K, with expenses exceeding revenue. The organization holds $2.0M in liabilities against $2.2M in assets (debt-to-asset ratio: 89.9%), resulting in net assets of $227K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2024	$125K	$201K	$2.2M	$2.0M	—	—
2023	$119K	$190K	$2.3M	$2.0M	—	—
2022	$114K	$181K	$2.4M	$2.0M	—	View 990
2021	$192K	$193K	$2.5M	$2.0M	—	—
2020	$119K	$180K	$2.5M	$2.0M	—	View 990
2019	$116K	$172K	$2.5M	$2.0M	—	View 990
2018	$125K	$181K	$2.6M	$2.0M	—	View 990
2017	$121K	$180K	$2.6M	$2.0M	—	View 990
2016	$123K	$167K	$2.7M	$2.0M	—	View 990
2015	$121K	$183K	$2.7M	$2.0M	—	View 990
2014	$112K	$184K	$2.8M	$2.0M	—	View 990
2013	$120K	$171K	$2.9M	$2.0M	—	View 990
2012	$170K	$174K	$2.9M	$2.0M	—	View 990
2011	$90K	$158K	$3.1M	$2.2M	—	View 990

Year-by-Year Financial Summary

2024: Revenue of $125K, expenses of $201K, and assets of $2.2M (revenue +4.8% year-over-year).
2023: Revenue of $119K, expenses of $190K, and assets of $2.3M (revenue +4.6% year-over-year).
2022: Revenue of $114K, expenses of $181K, and assets of $2.4M (revenue -40.6% year-over-year).
2021: Revenue of $192K, expenses of $193K, and assets of $2.5M (revenue +61.0% year-over-year).
2020: Revenue of $119K, expenses of $180K, and assets of $2.5M (revenue +2.3% year-over-year).
2019: Revenue of $116K, expenses of $172K, and assets of $2.5M (revenue -6.5% year-over-year).
2018: Revenue of $125K, expenses of $181K, and assets of $2.6M (revenue +2.9% year-over-year).
2017: Revenue of $121K, expenses of $180K, and assets of $2.6M (revenue -1.7% year-over-year).
2016: Revenue of $123K, expenses of $167K, and assets of $2.7M (revenue +1.9% year-over-year).
2015: Revenue of $121K, expenses of $183K, and assets of $2.7M (revenue +8.4% year-over-year).
2014: Revenue of $112K, expenses of $184K, and assets of $2.8M (revenue -6.8% year-over-year).
2013: Revenue of $120K, expenses of $171K, and assets of $2.9M (revenue -29.6% year-over-year).
2012: Revenue of $170K, expenses of $174K, and assets of $2.9M (revenue +89.2% year-over-year).
2011: Revenue of $90K, expenses of $158K, and assets of $3.1M.

Data Sources and Methodology

This transparency report for Aasc Ii is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.