Asian Americans for Equality Inc

Analysis

Asian Americans for Equality Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 1986, 40 years ago. 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, Asian Americans for Equality Inc reported income of $10.9m and spending of $9.8m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.2m to $10.9m (+76%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 38%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Asian Americans for Equality Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Alice L Walton School of Medicine ($10.9m), Urban Community School ($10.9m) and Society of American Military Engineers ($10.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $368k (3.7% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $28.0m against liabilities of $19.7m, net assets of $8.2m. It reported 57 employees.