Asia Initiatives

Analysis

Asia Initiatives is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Initiatives reported income of $793k and spending of $555k, leaving 30% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $421k to $793k (+88%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Asia Initiatives sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Parker County Committee on Aging Inc ($793k), We Are Better Together Warren Daniel Hairston Project Inc ($793k) and Rural Dynamics Inc ($793k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 104% of the total. At year end it held assets of $1.2m against liabilities of $6,607, net assets of $1.2m.