National Bureau of Asian Research

Analysis

National Bureau of Asian Research is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in April 1994, 32 years ago. 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, National Bureau of Asian Research reported income of $4.4m and spending of $5.5m, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.5m to $4.4m (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2020, when income rose by 35%. Over the whole period it spent 126% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, National Bureau of Asian Research 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 91st percentile, and in the 92nd percentile within WA. Charities of a similar size with the same main cause include Rural Education Foundation ($4.4m), Pilot Dogs Inc ($4.4m) and Ne South Dakota Community Action Program Inc ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $843k (15% of expenses). Other salaries and wages came to $1.6m. It paid $9,715 in professional fundraising fees. At year end it held assets of $2.4m against liabilities of $3.9m, net assets of -$1.5m. It reported 45 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.