Asian Hope

Analysis

Asian Hope is a registered charity in United States, based in Forest, VA. It received its IRS tax-exemption ruling in July 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 July 2023, Asian Hope reported income of $6.7m and spending of $6.4m, spending 96% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $4.2m to $6.7m (+61%), an average of +13% a year. The sharpest change came in the year to July 2022, when income rose by 20%. Over the whole period it spent 93% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Asian Hope sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within VA. Charities of a similar size with the same main cause include Yeshiva of Phoenix ($6.7m), Stanita Foundation ($6.7m) and The Coral Gables Community Foundation ($6.7m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 11% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $90k (1.4% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $3.5m against liabilities of $313k, net assets of $3.2m. It reported 38 employees.