Asian Pacific Health Care Venture Inc

Analysis

Asian Pacific Health Care Venture Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in November 1988, 38 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 September 2023, Asian Pacific Health Care Venture Inc reported income of $30.7m and spending of $24.5m, leaving 20% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $18.9m to $30.7m (+62%), an average of +13% a year. The sharpest change came in the year to September 2021, when income rose by 51%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Asian Pacific Health Care Venture Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Eversight ($30.7m), Health Care for the Homeless Inc ($30.7m) and West Texas Food Bank ($30.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 30% and program service revenue 58% of the total. Other salaries and wages came to $14.9m. At year end it held assets of $45.0m against liabilities of $5.6m, net assets of $39.5m.