Asia Art Archive in America Incorporated

Analysis

Asia Art Archive in America Incorporated is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in April 2009, 17 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Art Archive in America Incorporated reported income of $334k and spending of $305k, spending 91% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $270k to $334k (+24%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Asia Art Archive in America Incorporated sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include Outdoor Writers Asso of America Inc ($334k), Open Floor International ($334k) and Kaji Aso Studio Inc ($334k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Other salaries and wages came to $115k. At year end it held assets of $235k against liabilities of $2,489, net assets of $232k. It reported 4 employees.