The Asian American Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 3,765,990 | 962,837 | 2,803,153 | 34.9 | 0% |
| 2021 | 100,728,075 | 20,454,010 | 80,274,065 | 48.7 | 7% |
| 2022 | 16,757,627 | 14,111,697 | 2,645,930 | 72.8 | 21% |
| 2023 | 16,595,322 | 22,909,834 | −6,314,512 | 41.6 | 21% |
In its most recent public year (2023), this organization spent $6,314,512 more than it brought in. Its reserves stood at about 41.6 months of spending, up from 34.9 in 2020. Staff pay was 21% of spending. $1,135,006 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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