Asian American Resource Center Inc

Analysis

Asian American Resource Center Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in September 2006, 20 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 Resource Center Inc reported income of $1.1m and spending of $882k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $416k to $1.1m (+153%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 59%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Asian American Resource Center Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include Intercollegiate Mens Lacrosse Coaches Association ($1.0m), North Dakota Amateur Hockey Association ($1.1m) and Cuyahoga Valley Youth Organization Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $582k. It paid $625 in professional fundraising fees. At year end it held assets of $1.1m against liabilities of $633k, net assets of $509k. It reported 13 employees.