Asia Connect

Analysis

Asia Connect is a registered charity in United States, based in Fresno, CA. It received its IRS tax-exemption ruling in February 2008, 18 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 July 2024, Asia Connect reported income of $302k and spending of $297k, spending 98% of its income. Across the 6 years on record, from July 2019 to July 2024, income fell from $368k to $302k (-18%), an average of -3.9% a year. The sharpest change came in the year to July 2023, when income rose by 28%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Asia Connect sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include Life Builders Ministries International ($302k), Mount Sinai Muslim Center Inc ($302k) and Heroes Church ($302k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $227k. At year end it held assets of $112k against liabilities of $0, net assets of $112k.