Asians Are Strong Inc

Analysis

Asians Are Strong Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in October 2021, 5 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Asians Are Strong Inc reported income of $54k and spending of $215k, spending 396% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $112k to $54k (-51%), an average of -51% a year. The sharpest change came in the year to December 2023, when income dropped by 51%. Over the whole period it spent 168% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Asians Are Strong Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within CA. Charities of a similar size with the same main cause include Highland High School Instrumental Music Booster Club ($54k), Schofield Foundation ($54k) and PTA California Congress of Parents Teachers & Students Inc ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 59% of the total. At year end it held assets of $5,672 against liabilities of $0, net assets of $5,672.