Hong Kong Asociation of Washington Foundation

Analysis

Hong Kong Asociation of Washington Foundation is a registered charity in United States, based in Redmond, WA. It received its IRS tax-exemption ruling in February 2010, 16 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 September 2020, Hong Kong Asociation of Washington Foundation reported income of $664k and spending of $365k, leaving 45% of income unspent that year. Across the 2 years on record, from September 2019 to September 2020, income grew from $250k to $664k (+165%), an average of +166% a year. The sharpest change came in the year to September 2020, when income rose by 165%. Over the whole period it spent 66% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hong Kong Asociation of Washington Foundation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within WA. Charities of a similar size with the same main cause include Mountain View Community Television ($664k), Friends of Musique & Vin Au Clos Vougeot Inc ($664k) and Downtown SLC Presents ($664k).

On its Form 990 for the period ending September 2020, revenue came from contributions and grants 99% of the total. At year end it held assets of $373k against liabilities of $0, net assets of $373k.