Us-Asean Business Council Institute Inc

Analysis

Us-Asean Business Council Institute Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in October 1984, 42 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, Us-Asean Business Council Institute Inc reported income of $166k and spending of $698k, spending 421% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $143k to $166k (+16%), an average of +3.1% a year. The sharpest change came in the year to December 2021, when income rose by 306%. Over the whole period it spent 140% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Us-Asean Business Council Institute Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 27th percentile within DC. Charities of a similar size with the same main cause include Arc of Morgan County ($166k), Guiding Star Project ($166k) and Little League Baseball Inc ($166k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Other salaries and wages came to $147k. At year end it held assets of $325k against liabilities of $304k, net assets of $21k.