Asia Partners Inc

Analysis

Asia Partners Inc is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2022, Asia Partners Inc reported income of $2.0m and spending of $1.5m, leaving 29% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.0m to $2.0m (+104%), an average of +27% a year. The sharpest change came in the year to December 2022, when income rose by 34%. Over the whole period it spent 74% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Asia Partners Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MD. Charities of a similar size with the same main cause include Pastorserve Inc ($2.0m), The Center Consulting Group ($2.0m) and Vietnamese American Buddhist Congregation ($2.0m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.8m against liabilities of $63k, net assets of $1.8m. It reported 2 employees.