Asian American Educational and Cultural Resources Center Inc

Analysis

Asian American Educational and Cultural Resources Center Inc is a registered charity in United States, based in SN Bernrdno, CA. It received its IRS tax-exemption ruling in September 1997, 29 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Asian American Educational and Cultural Resources Center Inc reported income of $2.2m and spending of $1.6m, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $2.2m (+30%), an average of +6.8% a year. The sharpest change came in the year to December 2021, when income rose by 30%. Over the whole period it spent 77% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Asian American Educational and Cultural Resources Center Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Academy at Glengary Inc ($2.2m), Capabilities Inc ($2.2m) and The Oaks Community Center Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $200k (13% of expenses). Other salaries and wages came to $385k. At year end it held assets of $3.0m against liabilities of $86k, net assets of $2.9m. It reported 17 employees.