Asia Developmental Services Inc

Analysis

Asia Developmental Services Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in October 1973, 53 years ago. 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 June 2024, Asia Developmental Services Inc reported income of $1.2m and spending of $1.2m, spending 99% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $489k to $1.2m (+151%), an average of +26% a year. The sharpest change came in the year to June 2023, when income rose by 60%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Asia Developmental Services Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 78th percentile within DE. Charities of a similar size with the same main cause include Kaw Valley Soccer Association ($1.2m), Peekskill Community Volunteer Ambulance Corp ($1.2m) and Eastland County Open Door ($1.2m).

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 $125k against liabilities of $215k, net assets of -$91k.