South Asian American Association Inc

Analysis

South Asian American Association Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2022, 4 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, South Asian American Association Inc reported income of $55k and spending of $61k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $80k to $55k (-32%), an average of -32% a year. The sharpest change came in the year to December 2023, when income dropped by 32%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, South Asian American Association Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within NY. Charities of a similar size with the same main cause include Dunbar Volleyball Boosters Club Inc ($55k), Lions Memorial Scholarship Fund Inc ($55k) and Thomas Jefferson Parent Teacher Organization PTO of Morristown ($55k).

At year end it held assets of $92k against liabilities of $0, net assets of $92k.