Asian Association of Utah

Analysis

Asian Association of Utah is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in October 1981, 45 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Asian Association of Utah reported income of $5.4m and spending of $4.9m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.0m to $5.4m (+36%), an average of +8.1% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Asian Association of Utah sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within UT. Charities of a similar size with the same main cause include Wilson Family Young Mens Christian Association ($5.4m), Rainbow Services Ltd ($5.4m) and Play Centers Inc ($5.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $161k (3.3% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $5.3m against liabilities of $626k, net assets of $4.7m. It reported 68 employees.