Asian Community Development Council

Analysis

Asian Community Development Council is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Asian Community Development Council reported income of $4.1m and spending of $4.1m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $4.1m (+154%), an average of +26% a year. The sharpest change came in the year to December 2022, when income rose by 113%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Asian Community Development Council sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within NV. Charities of a similar size with the same main cause include California Capital Financial Development Corporation ($4.1m), Community Partnership of Southeast Missouri ($4.1m) and Avodah the Jewish Service Corps Inc ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 5.9% of the total. Compensation of current officers, directors and key employees was $230k (5.7% of expenses). Other salaries and wages came to $951k. At year end it held assets of $3.4m against liabilities of $2.3m, net assets of $1.1m. It reported 33 employees.