Asian Business Institute and Resource Center

Analysis

Asian Business Institute and Resource Center is a registered charity in United States, based in Fresno, CA. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Asian Business Institute and Resource Center reported income of $2.0m and spending of $1.7m, spending 87% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $555k to $2.0m (+260%), an average of +53% a year. The sharpest change came in the year to June 2021, when income rose by 209%. Over the whole period it spent 78% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Asian Business Institute and Resource Center sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Community Development Inc ($2.0m), CFH Inc ($2.0m) and Green Mountain Community Networkinc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 6.4% of the total. Other salaries and wages came to $494k. At year end it held assets of $1.3m against liabilities of $483k, net assets of $856k. It reported 14 employees.