Asian American Drug Abuse Program Inc

Analysis

Asian American Drug Abuse Program Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in September 1973, 53 years ago. 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 June 2023, Asian American Drug Abuse Program Inc reported income of $12.2m and spending of $17.2m, spending 141% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.7m to $12.2m (+25%), an average of +5.7% a year. The sharpest change came in the year to June 2020, when income rose by 37%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Asian American Drug Abuse Program Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include San Antonio Academy of Texas ($12.2m), Allen College ($12.2m) and Orange Housing Development Corporation ($12.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $310k (1.8% of expenses). Other salaries and wages came to $6.0m. At year end it held assets of $12.4m against liabilities of $8.1m, net assets of $4.2m. It reported 166 employees.