Asian American Federation Inc

Analysis

Asian American Federation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1991, 35 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Asian American Federation Inc reported income of $12.6m and spending of $12.7m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $12.6m (+543%), an average of +59% a year. The sharpest change came in the year to June 2021, when income rose by 232%. Over the whole period it spent 72% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Asian American Federation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Centro Hispano Inc ($12.6m), Tennyson Center for Children at Colorado Christian Home ($12.6m) and Kensington Community Corporation for Individual Dignity ($12.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $203k (1.6% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $16.5m against liabilities of $5.2m, net assets of $11.4m. It reported 29 employees.