Asian American Resource Foundation Inc

Analysis

Asian American Resource Foundation Inc is a registered charity in United States, based in Duluth, GA. It received its IRS tax-exemption ruling in March 1998, 28 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 (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 American Resource Foundation Inc reported income of $113k and spending of $139k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $438k to $113k (-74%), an average of -29% a year. The sharpest change came in the year to December 2021, when income rose by 142%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Asian American Resource Foundation Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 42nd percentile within GA. Charities of a similar size with the same main cause include Two Rivers Main Street Inc ($113k), Klamath Freedom Foundation ($113k) and XI Educational Foundation of Arkansas ($113k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $17k (12% of expenses). Other salaries and wages came to $17k. At year end it held assets of $8,926 against liabilities of $29k, net assets of -$20k. It reported 5 employees.