Ase Incorporated
Ase Incorporated consistently operates with a surplus and reports no officer compensation.
EIN: 204106910 · Lexington, KY · NTEE: A68 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $395K |
| Total Expenses | $231K |
| Program Spending | 85% |
| Net Assets | $289K |
| Transparency Score | 90/100 |
Is Ase Incorporated Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ase Incorporated directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ase Incorporated
Ase Incorporated (EIN: 204106910) is a nonprofit organization based in Lexington, KY, classified under NTEE code A68. The organization reported total revenue of $395K and total assets of $426K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ase Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ase Incorporated is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $286K |
| Total Expenses | $231K |
| Surplus / Deficit | +$55K |
| Total Assets | $299K |
| Total Liabilities | $10K |
| Net Assets | $289K |
| Operating Margin | 19.2% |
| Debt-to-Asset Ratio | 3.4% |
| Months of Reserves | 15.6 months |
Financial Health Grade: A
In 2023, Ase Incorporated reported a surplus of $55K with revenue exceeding expenses, holds 15.6 months of operating reserves (strong position), has a debt-to-asset ratio of 3.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Ase Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.0% | -16.1% | +20.9% |
| 2022 | +200.5% | +449.5% | +20.8% |
| 2021 | -68.6% | -82.4% | +41.8% |
| 2020 | +54.9% | +72.1% | +1.0% |
| 2019 | +8.3% | +2.0% | +45.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ase Incorporated with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Ase Incorporated allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $55K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.4%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers. This is a highly positive factor, suggesting that all funds are directed towards the organization's mission and operational needs.
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.
Strengths
The following positive indicators were identified for Ase Incorporated:
- Consistent financial surplus, as seen in 2023 with revenue of $285,515 exceeding expenses of $230,786.
- Growing net assets, increasing from $41,018 in 2016 to $299,464 in 2023.
- 0% officer compensation reported across all filings, indicating efficient use of funds.
- Consistent filing of IRS Form 990s over 13 periods, demonstrating transparency and compliance.
- Positive asset-to-liability ratio, with assets of $299,464 and liabilities of $10,200 in 2023.
Frequently Asked Questions about Ase Incorporated
Is Ase Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Ase Incorporated (EIN: 204106910) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Ase Incorporated spend its money?
Ase Incorporated directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ase Incorporated tax-deductible?
Ase Incorporated is registered as a tax-exempt nonprofit (EIN: 204106910). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Ase Incorporated's spending goes to programs?
Ase Incorporated directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Ase Incorporated compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Ase Incorporated is above average for NTEE category A68 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ase Incorporated located?
Ase Incorporated is headquartered in Lexington, Kentucky and files with the IRS under EIN 204106910. It is classified under NTEE code A68.
How many years of IRS 990 filings does Ase Incorporated have?
Ase Incorporated has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $395K in total revenue.
Is Ase Incorporated a good charity?
Based on the available data, Ase Incorporated appears to be a good charity. It consistently operates with a financial surplus, has growing assets, and reports 0% officer compensation, suggesting a strong focus on its mission and efficient use of funds.
How has Ase Incorporated's financial health changed over time?
Ase Incorporated's financial health has generally improved over time. Net assets have grown significantly from $41,018 in 2016 to $299,464 in 2023, indicating a healthy accumulation of reserves and financial stability.
What is Ase Incorporated's approach to executive compensation?
Ase Incorporated reports 0% officer compensation in all available filings, indicating that its executives do not receive salaries from the organization. This is a strong indicator of a volunteer-driven leadership or a commitment to directing all funds to programs and operations.
Filing History
IRS 990 filing history for Ase Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ase Incorporated's revenue has grown by 61.5%, moving from $177K to $286K. Total assets increased by 493.1% over the same period, from $50K to $299K. Total functional expenses rose by 39.8%, from $165K to $231K. In its most recent filing year (2023), Ase Incorporated reported a surplus of $55K, with revenue exceeding expenses. The organization holds $10K in liabilities against $299K in assets (debt-to-asset ratio: 3.4%), resulting in net assets of $289K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $286K | $231K | $299K | $10K | — | View 990 |
| 2022 | $314K | $275K | $248K | $13K | — | View 990 |
| 2021 | $104K | $50K | $205K | $9K | — | View 990 |
| 2020 | $332K | $284K | $145K | $3K | — | View 990 |
| 2019 | $215K | $165K | $143K | $51K | — | View 990 |
| 2018 | $198K | $162K | $98K | $55K | — | View 990 |
| 2017 | $91K | $102K | $53K | $46K | — | View 990 |
| 2016 | $262K | $252K | $41K | $24K | — | View 990 |
| 2015 | $137K | $140K | $49K | $42K | — | View 990 |
| 2014 | $201K | $175K | $54K | $44K | — | View 990 |
| 2013 | $204K | $264K | $36K | $53K | — | View 990 |
| 2012 | $210K | $188K | $71K | $28K | — | View 990 |
| 2011 | $177K | $165K | $50K | $29K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $286K, expenses of $231K, and assets of $299K (revenue -9.0% year-over-year).
- 2022: Revenue of $314K, expenses of $275K, and assets of $248K (revenue +200.5% year-over-year).
- 2021: Revenue of $104K, expenses of $50K, and assets of $205K (revenue -68.6% year-over-year).
- 2020: Revenue of $332K, expenses of $284K, and assets of $145K (revenue +54.9% year-over-year).
- 2019: Revenue of $215K, expenses of $165K, and assets of $143K (revenue +8.3% year-over-year).
- 2018: Revenue of $198K, expenses of $162K, and assets of $98K (revenue +118.3% year-over-year).
- 2017: Revenue of $91K, expenses of $102K, and assets of $53K (revenue -65.3% year-over-year).
- 2016: Revenue of $262K, expenses of $252K, and assets of $41K (revenue +90.9% year-over-year).
- 2015: Revenue of $137K, expenses of $140K, and assets of $49K (revenue -31.8% year-over-year).
- 2014: Revenue of $201K, expenses of $175K, and assets of $54K (revenue -1.5% year-over-year).
- 2013: Revenue of $204K, expenses of $264K, and assets of $36K (revenue -2.8% year-over-year).
- 2012: Revenue of $210K, expenses of $188K, and assets of $71K (revenue +19.0% year-over-year).
- 2011: Revenue of $177K, expenses of $165K, and assets of $50K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ase Incorporated:
Data Sources and Methodology
This transparency report for Ase Incorporated 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.