Iowa Asian Alliance Foundation

Analysis

Iowa Asian Alliance Foundation is a registered charity in United States, based in WDM, IA. It received its IRS tax-exemption ruling in September 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Iowa Asian Alliance Foundation reported income of $439k and spending of $439k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $388k to $439k (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2021, when income rose by 230%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Iowa Asian Alliance Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 71st percentile within IA. Charities of a similar size with the same main cause include Philadelphia Flyers Alumni Association Inc ($439k), Rural Education Action Project ($439k) and Mercy Health Foundation Berryville ($439k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $88k (20% of expenses). At year end it held assets of $370k against liabilities of $25k, net assets of $345k. It reported 1 employees.