Asianetwork Inc

Analysis

Asianetwork Inc is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in March 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. 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 July 2023, Asianetwork Inc reported income of $310k and spending of $827k, spending 267% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $738k to $310k (-58%), an average of -20% a year. The sharpest change came in the year to July 2022, when income dropped by 45%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Asianetwork Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 65th percentile within FL. Charities of a similar size with the same main cause include Bridgeland High Athletic Booster Club ($310k), North Dakota Center for Nursing ($310k) and Project Seek Inc ($310k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 68% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $110k (13% of expenses). At year end it held assets of $2.4m against liabilities of $13k, net assets of $2.3m.