Milstein Medical Asian-American Partnership Foundation Inc

Analysis

Milstein Medical Asian-American Partnership Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2013, 13 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Milstein Medical Asian-American Partnership Foundation Inc reported income of $871k and spending of $890k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $871k (-22%), an average of -6.2% a year. The sharpest change came in the year to December 2020, when income dropped by 22%. Over the whole period it spent 104% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Milstein Medical Asian-American Partnership Foundation Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Pepin Academies Foundation Inc ($871k), St Jude Riders Association NFP ($872k) and United Way of Dekalb County Inc ($871k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $587k (66% of expenses). Other salaries and wages came to $45k. At year end it held assets of $50k against liabilities of $83k, net assets of -$33k. It reported 5 employees.