West Michigan Asian American Association Inc

Analysis

West Michigan Asian American Association Inc is a registered charity in United States, based in Grand Rapids Mi GRR, MI. It received its IRS tax-exemption ruling in December 2004, 22 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, West Michigan Asian American Association Inc reported income of $598k and spending of $445k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $226k to $598k (+164%), an average of +28% a year. The sharpest change came in the year to December 2020, when income rose by 76%. Over the whole period it spent 85% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, West Michigan Asian American Association Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MI. Charities of a similar size with the same main cause include Day Kimball Healthcare Foundation Inc ($597k), Care Nest Home Limited ($598k) and Joshua Recovery Ministries ($597k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $63k (14% of expenses). At year end it held assets of $409k against liabilities of $0, net assets of $409k.