Association for Asian Studies Inc

Analysis

Association for Asian Studies Inc is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in May 1958, 68 years ago. 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, Association for Asian Studies Inc reported income of $4.0m and spending of $4.6m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.2m to $4.0m (-4.3%), an average of -1.1% a year. The sharpest change came in the year to December 2022, when income rose by 41%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Association for Asian Studies Inc sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within MI. Charities of a similar size with the same main cause include Hospice of North Ottawa Community Inc ($4.0m), Catholic Charities Counseling and Adoption Services Inc ($4.0m) and S O S Health Care Inc ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $140k (3.1% of expenses). Other salaries and wages came to $871k. At year end it held assets of $13.1m against liabilities of $2.5m, net assets of $10.6m. It reported 20 employees.