Asian American Journalists Association

Analysis

Asian American Journalists Association is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 1982, 44 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 (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 American Journalists Association reported income of $5.0m and spending of $2.5m, leaving 50% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $5.0m (+180%), an average of +29% a year. The sharpest change came in the year to December 2021, when income rose by 121%. Over the whole period it spent 63% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Asian American Journalists Association 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 92nd percentile, and in the 80th percentile within DC. Charities of a similar size with the same main cause include The Global Foundation for Ocean Exploration Inc ($5.0m), Santa Rosa Symphony Association ($5.0m) and Lower Manhattan Cultural Council Inc ($5.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $155k (6.2% of expenses). Other salaries and wages came to $360k. It paid $166k in professional fundraising fees. At year end it held assets of $8.9m against liabilities of $267k, net assets of $8.7m. It reported 9 employees.