The Asian American Foundation

Analysis

The Asian American Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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, The Asian American Foundation reported income of $16.6m and spending of $22.9m, spending 138% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $3.8m to $16.6m (+341%), an average of +64% a year. The sharpest change came in the year to December 2021, when income rose by 2575%. Over the whole period it spent 42% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, The Asian American Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 92nd percentile within DC. Charities of a similar size with the same main cause include Serving Children and Adults in Need Inc ($16.5m), Renewal Inc ($16.6m) and Legal Services NYC ($16.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $1.7m (7.3% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $80.5m against liabilities of $1.2m, net assets of $79.3m. It reported 51 employees.