Asian American Futures

Analysis

Asian American Futures is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in May 2021, 5 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 December 2023, Asian American Futures reported income of $2.5m and spending of $3.3m, spending 131% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $3.9m to $2.5m (-37%), an average of -20% a year. The sharpest change came in the year to December 2022, when income dropped by 38%. Over the whole period it spent 72% 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 American Futures sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Cerity Partners Foundation ($2.5m), Veterans Outreach ($2.5m) and United Way of Yellowstone County Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $204k (6.2% of expenses). Other salaries and wages came to $693k. At year end it held assets of $3.0m against liabilities of $405k, net assets of $2.6m. It reported 8 employees.