Asian American Arts Alliance

Analysis

Asian American Arts Alliance is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 1995, 31 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 American Arts Alliance reported income of $932k and spending of $644k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $355k to $932k (+162%), an average of +27% a year. The sharpest change came in the year to December 2021, when income rose by 93%. Over the whole period it spent 66% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Asian American Arts Alliance sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Capital Area Preservation Inc ($932k), Footlite Musicals Inc ($932k) and Iqra International Educational Foundation Inc ($932k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 104% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $128k (20% of expenses). Other salaries and wages came to $194k. At year end it held assets of $1.2m against liabilities of $52k, net assets of $1.2m. It reported 5 employees.