Asian Business Collaborative Inc

Analysis

Asian Business Collaborative Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in April 2023, 3 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Business Collaborative Inc reported income of $55k and spending of $60k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $128k to $55k (-57%), an average of -57% a year. The sharpest change came in the year to December 2023, when income dropped by 57%. Over the whole period it spent 118% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Asian Business Collaborative Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 17th percentile within NM. Charities of a similar size with the same main cause include Ancora Imparo Education and Mentoring Partnership ($55k), Junior League of Cincinnati Endowment Trust Fund ($55k) and Junior League of Flint Inc ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $6,139 against liabilities of $744, net assets of $5,395.