Asian America Foundation

Analysis

Asian America Foundation is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in April 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 August 2023, Asian America Foundation reported income of $199k and spending of $214k, spending 107% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $86k to $199k (+133%), an average of +24% a year. The sharpest change came in the year to August 2022, when income rose by 797%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Asian America Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 56th percentile within CA. Charities of a similar size with the same main cause include Transforming Creatives Inc ($199k), Wallingford Public Access Association Inc ($199k) and Nesin Cultural Arts Inc ($199k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $107k against liabilities of $88k, net assets of $19k.