Asian and Pacific Islander American Scholarship Fund

Analysis

Asian and Pacific Islander American Scholarship Fund is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in April 2004, 22 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 June 2023, Asian and Pacific Islander American Scholarship Fund reported income of $13.7m and spending of $13.4m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $16.3m to $13.7m (-16%), an average of -4.1% a year. The sharpest change came in the year to June 2021, when income rose by 156%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Asian and Pacific Islander American Scholarship Fund sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 90th percentile within DC. Charities of a similar size with the same main cause include Providence Christian Academy Inc ($13.7m), LA Promise Fund ($13.7m) and NC State Engineering Foundation Inc ($13.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $831k (6.2% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $39.9m against liabilities of $6.4m, net assets of $33.4m. It reported 43 employees.