Asian Resources Inc

Analysis

Asian Resources Inc is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in June 1980, 46 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 September 2023, Asian Resources Inc reported income of $5.2m and spending of $4.7m, spending 90% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.4m to $5.2m (+116%), an average of +21% a year. The sharpest change came in the year to September 2020, when income rose by 52%. Over the whole period it spent 76% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Asian Resources Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Power to the Patients ($5.2m), Population Action International ($5.2m) and Georgia Mental Health Consumer Network Inc ($5.2m).

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 $450k (9.5% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $8.9m against liabilities of $3.3m, net assets of $5.5m. It reported 67 employees.