Asian American Store Ownrers Association of South Carolina Inc

Analysis

Asian American Store Ownrers Association of South Carolina Inc is a registered charity in United States, based in Orangeburg, SC. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Asian American Store Ownrers Association of South Carolina Inc reported income of $222k and spending of $219k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $93k to $222k (+138%), an average of +138% a year. The sharpest change came in the year to December 2023, when income rose by 138%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Asian American Store Ownrers Association of South Carolina Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 61st percentile within SC. Charities of a similar size with the same main cause include Alabama Hands & Voices ($222k), Progressive Eldercare Services Morrilton Inc ($222k) and Home for the Armenian Aged Inc ($222k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $51k against liabilities of $0, net assets of $51k.