American Australian Association Inc
American Australian Association Inc. reports a $1.7 million deficit in 2023 despite substantial assets and zero officer compensation.
EIN: 136151807 · New York, NY · NTEE: Q21 · Updated: 2026-03-28
Is American Australian Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
American Australian Association Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About American Australian Association Inc
American Australian Association Inc (EIN: 136151807) is a nonprofit organization based in New York, NY, classified under NTEE code Q21. The organization reported total revenue of $8.9M and total assets of $24.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of American Australian Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates American Australian Association Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, American Australian Association Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is a significant strength, with 0% reported for officer compensation across all available filings, indicating that no portion of the organization's expenses is allocated to compensating its officers.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of American Australian Association Inc's IRS 990 filings:
- Significant deficit in the latest fiscal year (2023), with expenses exceeding revenue by $1.7 million.
- Fluctuating revenue streams, with a notable drop from $8.5 million in 2022 to $3.7 million in 2023.
Strengths
The following positive indicators were identified for American Australian Association Inc:
- Zero officer compensation reported across all available filings, indicating efficient use of funds for leadership.
- Substantial and growing asset base, reaching $26,229,905 in 2023, providing financial stability.
- Consistent IRS 990 filing history, demonstrating regulatory compliance and transparency.
- Strong financial performance in previous years, such as 2022, with revenue significantly exceeding expenses.
Frequently Asked Questions about American Australian Association Inc
Is American Australian Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, American Australian Association Inc (EIN: 136151807) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does American Australian Association Inc spend its money?
American Australian Association Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to American Australian Association Inc tax-deductible?
American Australian Association Inc is registered as a tax-exempt nonprofit (EIN: 136151807). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why did the American Australian Association Inc. incur a significant deficit in 2023?
In 2023, the organization's expenses ($5,408,451) exceeded its revenue ($3,700,597) by over $1.7 million, a reversal from the substantial surplus in 2022.
How does the organization manage its liabilities, which reached over $11 million in 2022?
Liabilities fluctuated, peaking at $11,582,433 in 2022 and then decreasing to $7,737,158 in 2023, suggesting active management of its financial obligations.
What is the long-term trend of the organization's assets?
The organization has shown consistent asset growth, increasing from $9,771,026 in 2016 to $26,229,905 in 2023, indicating strong financial stewardship over time.
Filing History
IRS 990 filing history for American Australian Association Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), American Australian Association Inc's revenue has grown by 12.6%, moving from $3.3M to $3.7M. Total assets increased by 160.8% over the same period, from $10.1M to $26.2M. Total functional expenses rose by 134.1%, from $2.3M to $5.4M. In its most recent filing year (2023), American Australian Association Inc reported a deficit of $1.7M, with expenses exceeding revenue. The organization holds $7.7M in liabilities against $26.2M in assets (debt-to-asset ratio: 29.5%), resulting in net assets of $18.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $3.7M | $5.4M | $26.2M | $7.7M | — | — |
| 2022 | $8.5M | $4.1M | $30.3M | $11.6M | — | — |
| 2021 | $6.0M | $3.5M | $20.3M | $2.9M | — | View 990 |
| 2020 | $5.8M | $5.2M | $16.7M | $2.0M | — | — |
| 2019 | $3.8M | $3.8M | $14.9M | $2.0M | — | View 990 |
| 2018 | $4.9M | $3.2M | $12.8M | $1.4M | — | View 990 |
| 2017 | $5.9M | $3.3M | $12.2M | $904K | — | View 990 |
| 2016 | $3.6M | $6.2M | $9.8M | $1.2M | — | View 990 |
| 2015 | $3.3M | $2.8M | $12.2M | $1.2M | — | View 990 |
| 2014 | $3.2M | $3.3M | $12.9M | $1.5M | — | View 990 |
| 2013 | $2.9M | $3.0M | $12.9M | $1.3M | — | View 990 |
| 2012 | $3.9M | $3.6M | $12.3M | $1.3M | — | — |
| 2011 | $5.5M | $4.6M | $11.2M | $1.1M | — | View 990 |
| 2010 | $3.3M | $2.3M | $10.1M | $810K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.7M, expenses of $5.4M, and assets of $26.2M (revenue -56.5% year-over-year).
- 2022: Revenue of $8.5M, expenses of $4.1M, and assets of $30.3M (revenue +42.5% year-over-year).
- 2021: Revenue of $6.0M, expenses of $3.5M, and assets of $20.3M (revenue +3.4% year-over-year).
- 2020: Revenue of $5.8M, expenses of $5.2M, and assets of $16.7M (revenue +53.0% year-over-year).
- 2019: Revenue of $3.8M, expenses of $3.8M, and assets of $14.9M (revenue -22.7% year-over-year).
- 2018: Revenue of $4.9M, expenses of $3.2M, and assets of $12.8M (revenue -16.6% year-over-year).
- 2017: Revenue of $5.9M, expenses of $3.3M, and assets of $12.2M (revenue +61.0% year-over-year).
- 2016: Revenue of $3.6M, expenses of $6.2M, and assets of $9.8M (revenue +9.5% year-over-year).
- 2015: Revenue of $3.3M, expenses of $2.8M, and assets of $12.2M (revenue +4.5% year-over-year).
- 2014: Revenue of $3.2M, expenses of $3.3M, and assets of $12.9M (revenue +10.9% year-over-year).
- 2013: Revenue of $2.9M, expenses of $3.0M, and assets of $12.9M (revenue -27.2% year-over-year).
- 2012: Revenue of $3.9M, expenses of $3.6M, and assets of $12.3M (revenue -28.8% year-over-year).
- 2011: Revenue of $5.5M, expenses of $4.6M, and assets of $11.2M (revenue +68.0% year-over-year).
- 2010: Revenue of $3.3M, expenses of $2.3M, and assets of $10.1M.
Data Sources and Methodology
This transparency report for American Australian Association Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.