Asian Pacific Fund

Analysis

Asian Pacific Fund is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in December 1994, 32 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Pacific Fund reported income of $4.9m and spending of $3.2m, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $4.9m (+162%), an average of +27% a year. The sharpest change came in the year to December 2021, when income rose by 681%. Over the whole period it spent 74% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Asian Pacific Fund sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include United Way and Community Foundation of Greater Fort Dodge ($4.9m), Groundswell Charitable Foundation ($4.9m) and Lutheran Scholarship Granting Organization of Indiana Inc ($4.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $497k (16% of expenses). Other salaries and wages came to $378k. At year end it held assets of $24.3m against liabilities of $89k, net assets of $24.2m. It reported 12 employees.