Impact Asia Foundation

Analysis

Impact Asia Foundation is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in January 2018, 8 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Impact Asia Foundation reported income of $85k and spending of $31k, leaving 64% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $109k to $85k (-22%), an average of -6.1% a year. The sharpest change came in the year to December 2022, when income dropped by 68%. Over the whole period it spent 22% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Impact Asia Foundation sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 32nd percentile within HI. Charities of a similar size with the same main cause include Visionist Ministries of Faith Inc ($85k), Overflow ($85k) and Upward Call Inc ($85k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $555k against liabilities of $1,450, net assets of $553k.