Asian American Academy of Science and Engineering Inc

Analysis

Asian American Academy of Science and Engineering Inc is a registered charity in United States, based in Princeton, NJ. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Asian American Academy of Science and Engineering Inc reported income of $95k and spending of $53k, leaving 44% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $60k to $95k (+58%), an average of +58% a year. The sharpest change came in the year to December 2023, when income rose by 58%. Over the whole period it spent 51% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Asian American Academy of Science and Engineering Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 43rd percentile within NJ. Charities of a similar size with the same main cause include Upper Darby Band Orchestra Parents ($95k), Michael S Rosen Foundation ($95k) and Gila Mimbres Community Radio ($95k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 79% of the total. At year end it held assets of $81k against liabilities of $4,506, net assets of $76k.