The Asme Foundation Inc
The Asme Foundation Inc consistently grows assets and reports zero officer compensation across all filings.
EIN: 133372934 · New York, NY · NTEE: U40 · Updated: 2026-03-28
Is The Asme Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Asme Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Asme Foundation Inc
The Asme Foundation Inc (EIN: 133372934) is a nonprofit organization based in New York, NY, classified under NTEE code U40. The organization reported total revenue of $9.2M and total assets of $37.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Asme Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Asme Foundation Inc 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, The Asme Foundation Inc 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.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization with assets exceeding $37 million and annual revenues in the millions. This suggests either a volunteer-led executive team or that executive compensation is covered by a related entity, which would warrant further investigation for full transparency.
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 The Asme Foundation Inc's IRS 990 filings:
- Unusually low (0%) reported officer compensation for an organization of this size, which might indicate compensation is paid by a related entity or not fully disclosed.
- Specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, making it difficult to precisely assess spending efficiency beyond the overall expense ratio.
Strengths
The following positive indicators were identified for The Asme Foundation Inc:
- Consistent and significant growth in assets, from $26.5M in 2014 to $37.7M currently.
- Strong revenue generation, with latest revenue at $9.2M, indicating robust fundraising or income streams.
- Expenses consistently well below revenue in most periods, demonstrating sound financial management and surpluses.
- Reported 0% officer compensation across all filings, suggesting high efficiency and dedication of resources to mission.
- Long history of IRS 990 filings (13 periods), indicating transparency and compliance.
Frequently Asked Questions about The Asme Foundation Inc
Is The Asme Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Asme Foundation Inc (EIN: 133372934) some concerns. Mission Score: 90/100. 2 red flags identified, 5 strengths noted.
How does The Asme Foundation Inc spend its money?
The Asme Foundation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Asme Foundation Inc tax-deductible?
The Asme Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133372934). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is The Asme Foundation Inc a good charity?
Based on the provided data, The Asme Foundation Inc appears to be a financially healthy and well-managed organization. Its consistent asset growth, positive revenue-to-expense ratios, and reported 0% officer compensation are strong indicators of good financial stewardship and a focus on its mission.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over time. Assets have grown from $26,543,146 in 201406 to $37,755,783 in the latest period. Revenue has also shown substantial growth, with the latest revenue at $9,204,590, compared to $2,124,331 in 201406.
What is the significance of 0% officer compensation?
The 0% officer compensation across all filings is a significant positive indicator, suggesting that no direct salaries are paid to officers from the foundation's funds. This implies a high degree of efficiency and dedication, as more resources can be allocated directly to programs. However, it also raises a question about how executive leadership is compensated, if at all, or if it's covered by an affiliated entity.
Filing History
IRS 990 filing history for The Asme Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Asme Foundation Inc's revenue has grown by 254.4%, moving from $1.3M to $4.7M. Total assets increased by 51.1% over the same period, from $23.8M to $35.9M. Total functional expenses rose by 384.1%, from $802K to $3.9M. In its most recent filing year (2023), The Asme Foundation Inc reported a surplus of $798K, with revenue exceeding expenses. The organization holds $3.2M in liabilities against $35.9M in assets (debt-to-asset ratio: 8.8%), resulting in net assets of $32.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $4.7M | $3.9M | $35.9M | $3.2M | — | — |
| 2022 | $6.7M | $2.7M | $32.7M | $2.7M | — | View 990 |
| 2021 | $3.0M | $2.1M | $33.8M | $1.6M | — | View 990 |
| 2020 | $1.9M | $1.6M | $26.5M | $851K | — | View 990 |
| 2019 | $3.0M | $2.7M | $26.2M | $369K | — | View 990 |
| 2018 | $5.4M | $2.6M | $25.3M | $386K | — | View 990 |
| 2017 | $2.2M | $2.5M | $21.8M | $775K | — | — |
| 2016 | $2.1M | $2.7M | $21.0M | $1.0M | — | View 990 |
| 2015 | $4.2M | $3.6M | $22.8M | $1.2M | — | View 990 |
| 2014 | $2.1M | $3.5M | $26.5M | $2.9M | — | View 990 |
| 2013 | $2.2M | $2.8M | $22.8M | $472K | — | View 990 |
| 2012 | $1.6M | $2.5M | $22.5M | $482K | — | View 990 |
| 2011 | $1.3M | $802K | $23.8M | $353K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.7M, expenses of $3.9M, and assets of $35.9M (revenue -30.1% year-over-year).
- 2022: Revenue of $6.7M, expenses of $2.7M, and assets of $32.7M (revenue +121.1% year-over-year).
- 2021: Revenue of $3.0M, expenses of $2.1M, and assets of $33.8M (revenue +59.6% year-over-year).
- 2020: Revenue of $1.9M, expenses of $1.6M, and assets of $26.5M (revenue -37.7% year-over-year).
- 2019: Revenue of $3.0M, expenses of $2.7M, and assets of $26.2M (revenue -44.0% year-over-year).
- 2018: Revenue of $5.4M, expenses of $2.6M, and assets of $25.3M (revenue +146.3% year-over-year).
- 2017: Revenue of $2.2M, expenses of $2.5M, and assets of $21.8M (revenue +3.7% year-over-year).
- 2016: Revenue of $2.1M, expenses of $2.7M, and assets of $21.0M (revenue -49.6% year-over-year).
- 2015: Revenue of $4.2M, expenses of $3.6M, and assets of $22.8M (revenue +99.1% year-over-year).
- 2014: Revenue of $2.1M, expenses of $3.5M, and assets of $26.5M (revenue -3.6% year-over-year).
- 2013: Revenue of $2.2M, expenses of $2.8M, and assets of $22.8M (revenue +36.7% year-over-year).
- 2012: Revenue of $1.6M, expenses of $2.5M, and assets of $22.5M (revenue +22.0% year-over-year).
- 2011: Revenue of $1.3M, expenses of $802K, and assets of $23.8M.
Data Sources and Methodology
This transparency report for The Asme Foundation Inc 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.