Asian American Senior Citizens Service Center Inc

Analysis

Asian American Senior Citizens Service Center Inc is a registered charity in United States, based in Santa Ana, CA. It received its IRS tax-exemption ruling in November 1994, 32 years ago. 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 June 2023, Asian American Senior Citizens Service Center Inc reported income of $2.5m and spending of $1.9m, leaving 23% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $311k to $2.5m (+690%), an average of +99% a year. The sharpest change came in the year to June 2022, when income rose by 237%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Asian American Senior Citizens Service Center Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include American Society of Agricultural and Biological Engineers ($2.5m), Partners in Careers ($2.5m) and Mandarins of Sacramento Inc ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $228k (12% of expenses). Other salaries and wages came to $865k. It paid $10k in professional fundraising fees. At year end it held assets of $2.1m against liabilities of $608k, net assets of $1.5m. It reported 27 employees.