Asian Entrepreneurship Foundation

Analysis

Asian Entrepreneurship Foundation is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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, Asian Entrepreneurship Foundation reported income of $455k and spending of $440k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $81k to $455k (+463%), an average of +54% a year. The sharpest change came in the year to December 2021, when income rose by 110%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Asian Entrepreneurship Foundation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within MA. Charities of a similar size with the same main cause include United Methodist Neighborhood Centers Inc ($455k), Greater Lehigh Valley Chamber of Commerce Foundation ($456k) and Hoa Aina O Makaha ($455k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $132k (30% of expenses). It paid $7,131 in professional fundraising fees. At year end it held assets of $179k against liabilities of $50k, net assets of $129k. It reported 3 employees.