Projects for Asia Charitable Foundation Inc

Analysis

Projects for Asia Charitable Foundation Inc is a registered charity in United States, based in Chesapeake, VA. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Projects for Asia Charitable Foundation Inc reported income of $137k and spending of $148k, spending 108% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $209k to $137k (-35%), an average of -13% a year. The sharpest change came in the year to December 2023, when income dropped by 46%. Over the whole period it spent 101% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Projects for Asia Charitable Foundation Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 44th percentile within VA. Charities of a similar size with the same main cause include Coffee Connection Incorporated ($137k), Resurrecting Hearts Horsemanship Inc ($137k) and Msa Lone Star Council ($137k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $6,965 against liabilities of $0, net assets of $6,965.