Society for Asian Art

Analysis

Society for Asian Art is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in March 1960, 66 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Society for Asian Art reported income of $1.2m and spending of $235k, leaving 80% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $434k to $1.2m (+172%), an average of +22% a year. The sharpest change came in the year to June 2024, when income rose by 300%. Over the whole period it spent 51% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Society for Asian Art sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include American Association of Teachers of Japanese Inc ($1.2m), Ukrainian Institute of America Inc ($1.2m) and Powell County Museum & Arts Foundation Inc ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 82% and program service revenue 11% of the total. Other salaries and wages came to $86k. At year end it held assets of $3.9m against liabilities of $7,600, net assets of $3.9m. It reported 1 employees.