American Society for Premodern Asia Inc

Analysis

American Society for Premodern Asia Inc is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in October 1946, 80 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, American Society for Premodern Asia Inc reported income of $417k and spending of $317k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $293k to $417k (+42%), an average of +9.2% a year. The sharpest change came in the year to December 2023, when income rose by 159%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Society for Premodern Asia Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within MI. Charities of a similar size with the same main cause include Wesley Village Inc ($417k), West Liberty Community Center Inc ($417k) and Sikh Gurdwara of Los Angeles Inc ($417k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.8% and program service revenue 95% of the total. Other salaries and wages came to $39k. At year end it held assets of $5.5m against liabilities of $0, net assets of $5.5m.