South Asian Network Inc

Analysis

South Asian Network Inc is a registered charity in United States, based in Artesia, CA. It received its IRS tax-exemption ruling in April 1994, 32 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, South Asian Network Inc reported income of $1.8m and spending of $1.2m, leaving 33% of income unspent that year. Across the 6 years on record, from June 2019 to December 2023, income grew from $524k to $1.8m (+236%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 236%. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, South Asian Network Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Thai Community Development Center ($1.8m), Center for Lay Ministries Inc ($1.8m) and World Ministry Fellowship ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $115k (9.8% of expenses). Other salaries and wages came to $614k. At year end it held assets of $1.7m against liabilities of $78k, net assets of $1.6m. It reported 22 employees.