Southern Asia Adventist Association Inc

Analysis

Southern Asia Adventist Association Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in September 1985, 41 years ago. 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, Southern Asia Adventist Association Inc reported income of $94k and spending of $66k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $57k to $94k (+65%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 177%. Over the whole period it spent 261% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southern Asia Adventist Association Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within MD. Charities of a similar size with the same main cause include Project Launch ($94k), Fbi National Academy Associates Inc ($94k) and Justin Wynn Memorial Fund ($94k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% of the total. At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m.