Integrated Science and Asian Culture Academy

Analysis

Integrated Science and Asian Culture Academy is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in September 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Integrated Science and Asian Culture Academy reported income of $3.5m and spending of $2.8m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $3.5m (+73%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 18%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Integrated Science and Asian Culture Academy sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include Clay County Educational Foundation Inc ($3.5m), Binghamton Auxiliary Services Corporation ($3.5m) and College of the Desert Foundation ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 9.7% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $4.2m against liabilities of $2.0m, net assets of $2.2m. It reported 55 employees.