Asian Services in Action Inc

Analysis

Asian Services in Action Inc is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in July 1996, 30 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 June 2023, Asian Services in Action Inc reported income of $7.6m and spending of $7.3m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.9m to $7.6m (+30%), an average of +6.7% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Asian Services in Action Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within OH. Charities of a similar size with the same main cause include Commonweal ($7.6m), Girls Incorporated of Alameda County ($7.6m) and Jewish Association for Developmental Disabilities Inc ($7.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $255k (3.5% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $4.9m against liabilities of $1.4m, net assets of $3.5m. It reported 112 employees.