National Asian Artists Project

Analysis

National Asian Artists Project is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 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, National Asian Artists Project reported income of $199k and spending of $104k, leaving 48% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $131k to $199k (+52%), an average of +52% a year. The sharpest change came in the year to December 2023, when income rose by 52%. Over the whole period it spent 50% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, National Asian Artists Project sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within NY. Charities of a similar size with the same main cause include Macoupin Art Collective ($199k), National Rhythm and Blues Music Society Inc a Nonprofit Corp ($199k) and Accu Learning Inc ($199k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 49% of the total. At year end it held assets of $386k against liabilities of $4,265, net assets of $382k.