Asian Community Center of Sacramento Valley Inc

Analysis

Asian Community Center of Sacramento Valley Inc is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in May 1974, 52 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 Community Center of Sacramento Valley Inc reported income of $24.9m and spending of $27.9m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $19.5m to $24.9m (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 110% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Asian Community Center of Sacramento Valley Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Promedica Monroe Physicians PLLC ($24.9m), Murtis Taylor Human Services System ($24.9m) and Wesbury United Methodist Community ($24.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.9% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $88k (0.3% of expenses). Other salaries and wages came to $8.6m. It paid $127k in professional fundraising fees. At year end it held assets of $49.3m against liabilities of $45.6m, net assets of $3.7m. It reported 412 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.