American School of Asian Culture

Analysis

American School of Asian Culture is a registered charity in United States, based in Chapel Hill, NC. It received its IRS tax-exemption ruling in July 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, American School of Asian Culture reported income of $140k and spending of $133k, spending 95% of its income. Across the 3 years on record, from December 2019 to December 2023, income fell from $221k to $140k (-37%), an average of -20% a year. The sharpest change came in the year to December 2022, when income dropped by 47%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American School of Asian Culture sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within NC. Charities of a similar size with the same main cause include Beacon Performing Arts Center Ltd ($140k), Central Coast Lighthouse Keepers ($140k) and Southwest Center for Economic Integrity ($140k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $44k against liabilities of $13k, net assets of $31k.