Asia Foundation

Analysis

Asia Foundation is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in March 1952, 74 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 September 2023, Asia Foundation reported income of $114.5m and spending of $117.9m, spending 103% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $104.8m to $114.5m (+9.3%), an average of +2.3% a year. Over the whole period it spent 100% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Asia Foundation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include United Nations Foundation Inc ($113.4m), Technoserve Inc ($116.0m) and American Councils for International Education Actr Accels Inc ($110.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $2.9m (2.4% of expenses). Other salaries and wages came to $36.6m. It paid $17k in professional fundraising fees. At year end it held assets of $88.3m against liabilities of $52.7m, net assets of $35.6m. It reported 154 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.