Asian Art Foundation

Analysis

Asian Art Foundation is a registered charity in United States, based in Santa Clara, CA. It received its IRS tax-exemption ruling in April 2011, 15 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Asian Art Foundation reported income of $110k and spending of $1,912, leaving 98% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $162k to $110k (-32%), an average of -9.2% a year. The sharpest change came in the year to December 2022, when income rose by 184%. Over the whole period it spent 30% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Asian Art Foundation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 42nd percentile within CA. Charities of a similar size with the same main cause include Harry Jackson Museum ($110k), Chicora Voices ($110k) and Wild Rose Moon Inc ($110k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.2% of the total. At year end it held assets of $909k against liabilities of $0, net assets of $909k.