Asia Society

Analysis

Asia Society is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1985, 41 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Asia Society reported income of $30.4m and spending of $32.1m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $35.3m to $30.4m (-14%), an average of -3.6% a year. Over the whole period it spent 98% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Asia Society sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Giving Children Hope ($29.9m), Vital Voices Global Partnership Inc ($30.5m) and Root Capital Inc ($29.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $2.4m (7.4% of expenses). Other salaries and wages came to $12.3m. At year end it held assets of $122.9m against liabilities of $16.5m, net assets of $106.4m. It reported 197 employees.