Asian District Cultural Association

Analysis

Asian District Cultural Association is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in May 2018, 8 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 December 2023, Asian District Cultural Association reported income of $199k and spending of $173k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $126k to $199k (+57%), an average of +57% a year. The sharpest change came in the year to December 2023, when income rose by 57%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Asian District Cultural Association sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 55th percentile within OK. Charities of a similar size with the same main cause include The Hive Project ($199k), Iqhub ($199k) and Puerto Ricans United Inc ($199k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 78% of the total. At year end it held assets of $88k against liabilities of $0, net assets of $88k.