Asianweek Foundation

Analysis

Asianweek Foundation is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in January 2005, 21 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 December 2023, Asianweek Foundation reported income of $349k and spending of $494k, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $59k to $349k (+492%), an average of +56% a year. The sharpest change came in the year to December 2022, when income rose by 210%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Asianweek Foundation sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include Guardianship and Protective Services Inc ($348k), Sacred Beginnings Transitional Homes Inc ($349k) and Community Action Life Line Inc ($348k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. Other salaries and wages came to $73k. At year end it held assets of $177k against liabilities of $671, net assets of $176k. It reported 4 employees.