Asia America Initiative

Analysis

Asia America Initiative is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in May 2005, 21 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Asia America Initiative reported income of $407k and spending of $668k, spending 164% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $407k (-77%), an average of -30% a year. The sharpest change came in the year to December 2023, when income dropped by 74%. Over the whole period it spent 100% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Asia America Initiative sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 40th percentile within DC. Charities of a similar size with the same main cause include Amigos the Richmond Latino Center ($407k), Partners in Sustainable Development International ($408k) and Chijnaya Foundation Inc ($407k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $198k against liabilities of $8,996, net assets of $189k.