Asian Community & Cultural Center

Analysis

Asian Community & Cultural Center is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in March 1998, 28 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 December 2023, Asian Community & Cultural Center reported income of $1.7m and spending of $1.6m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $719k to $1.7m (+131%), an average of +23% a year. The sharpest change came in the year to December 2020, when income rose by 81%. Over the whole period it spent 85% 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 Community & Cultural Center sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within NE. Charities of a similar size with the same main cause include Turnaround Arts California ($1.7m), No Limits Theater Group Inc ($1.7m) and Moveius Contemporary Ballet Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.7% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $1.5m against liabilities of $118k, net assets of $1.4m. It reported 46 employees.