Asian American Civic Association Inc

Analysis

Asian American Civic Association Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in July 1971, 55 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Asian American Civic Association Inc reported income of $4.8m and spending of $3.5m, leaving 28% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.3m to $4.8m (+48%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Asian American Civic Association Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MA. Charities of a similar size with the same main cause include Project H E a R T Inc ($4.8m), Passaic Family Head Start Inc ($4.8m) and National Black Child Development Institute Inc ($4.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $214k (6.2% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $9.7m against liabilities of $2.2m, net assets of $7.5m. It reported 66 employees.