Coalition of Asian American Leaders

Analysis

Coalition of Asian American Leaders is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in October 2017, 9 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 (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, Coalition of Asian American Leaders reported income of $1.5m and spending of $1.7m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $983k to $1.5m (+53%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 170%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Coalition of Asian American Leaders sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within MN. Charities of a similar size with the same main cause include Discovery Center Great Lakes ($1.5m), Landmark on Main Street Inc ($1.5m) and Fresno Art Museum ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 7.8% of the total. Compensation of current officers, directors and key employees was $169k (10% of expenses). Other salaries and wages came to $240k. It paid $63k in professional fundraising fees. At year end it held assets of $3.9m against liabilities of $194k, net assets of $3.7m. It reported 13 employees.