Asia Institute Inc

Analysis

Asia Institute Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in February 1987, 39 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Asia Institute Inc reported income of $776k and spending of $708k, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $356k to $776k (+118%), an average of +22% a year. The sharpest change came in the year to June 2022, when income rose by 292%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Asia Institute Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within KY. Charities of a similar size with the same main cause include Restless Books Inc ($776k), Penobscot Marine Museum ($776k) and Las Colinas Symphony Orchestra Inc ($776k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $81k (11% of expenses). Other salaries and wages came to $131k. At year end it held assets of $2.3m against liabilities of $321k, net assets of $2.0m. It reported 4 employees.