Asian Pacific Islander Small Business Program Incorporated

Analysis

Asian Pacific Islander Small Business Program Incorporated is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in April 2004, 22 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Asian Pacific Islander Small Business Program Incorporated reported income of $527k and spending of $527k, spending 100% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $294k to $527k (+79%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 90%. Over the whole period it spent 79% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Asian Pacific Islander Small Business Program Incorporated sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include Elevate Douglas Economic Development Corporation Inc ($527k), Junior League of Collin County ($528k) and Scranton Tomorrow ($527k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.2m against liabilities of $325k, net assets of $886k.