Asia Society
Asia Society maintains strong assets despite recurring operating deficits in recent years.
EIN: 133234632 · New York, NY · NTEE: Q200 · Updated: 2026-03-28
Is Asia Society Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Asia Society directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Asia Society
Asia Society (EIN: 133234632) is a nonprofit organization based in New York, NY, classified under NTEE code Q200. The organization reported total revenue of $39.7M and total assets of $126.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Asia Society'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 Asia Society with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Asia Society allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The provided data indicates 0% officer compensation across all listed filing periods, which is unusual for an organization of this size ($39.6M latest revenue, $126.6M assets) and suggests that executive compensation details are not captured in this summary or are reported differently.
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 Asia Society's IRS 990 filings:
- Recurring operating deficits (e.g., 2023, 2022, 2020, 2019, 2016, 2015) where expenses exceeded revenue.
- Lack of reported officer compensation in the provided data, which could obscure executive pay practices.
Strengths
The following positive indicators were identified for Asia Society:
- Strong and consistent asset base, exceeding $100 million for the past decade, providing financial resilience.
- Long history of consistent IRS 990 filings (13 filings), indicating transparency.
- Manageable liabilities relative to assets, suggesting a healthy balance sheet.
- Consistent revenue generation in the $30-39 million range over many years.
Frequently Asked Questions about Asia Society
Is Asia Society a legitimate charity?
Based on AI analysis of IRS 990 filings, Asia Society (EIN: 133234632) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Asia Society spend its money?
Asia Society directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Asia Society tax-deductible?
Asia Society is registered as a tax-exempt nonprofit (EIN: 133234632). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Asia Society a good charity?
Based on its consistent financial reporting, substantial asset base, and apparent focus on program spending, Asia Society appears to be a well-established and financially stable organization. Its long history and consistent revenue streams suggest a strong operational foundation.
How has Asia Society's revenue trended over the past decade?
Asia Society's revenue has fluctuated but generally remained within the $30-39 million range over the past decade, with the latest reported revenue at $39,670,061. There isn't a clear upward or downward trend, but rather a stable level of funding.
What is the financial stability of Asia Society?
Asia Society demonstrates strong financial stability, evidenced by its substantial assets of $126,639,988 and manageable liabilities. While it has experienced operating deficits in several recent years (e.g., 2023, 2022), its large asset base provides a significant buffer.
Why is officer compensation reported as 0%?
The provided data indicates 0% officer compensation for all listed periods. This could mean that executive compensation is not included in this specific summary, is reported under a different category, or is not paid directly as 'officer compensation' in the way it's tracked here. Further investigation into the full 990 forms would be needed for clarity.
Filing History
IRS 990 filing history for Asia Society showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Asia Society's revenue has grown by 56.7%, moving from $19.4M to $30.4M. Total assets increased by 14.1% over the same period, from $107.7M to $122.9M. Total functional expenses rose by 24.2%, from $25.9M to $32.1M. In its most recent filing year (2023), Asia Society reported a deficit of $1.7M, with expenses exceeding revenue. The organization holds $16.5M in liabilities against $122.9M in assets (debt-to-asset ratio: 13.4%), resulting in net assets of $106.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $30.4M | $32.1M | $122.9M | $16.5M | — | View 990 |
| 2022 | $30.2M | $30.7M | $123.3M | $17.6M | — | View 990 |
| 2021 | $32.3M | $28.9M | $142.7M | $19.8M | — | View 990 |
| 2020 | $31.0M | $31.6M | $122.8M | $25.1M | — | View 990 |
| 2019 | $35.3M | $32.7M | $124.5M | $21.8M | — | View 990 |
| 2018 | $37.5M | $30.9M | $119.3M | $20.5M | — | View 990 |
| 2017 | $33.5M | $31.8M | $110.4M | $21.0M | — | View 990 |
| 2016 | $31.4M | $33.9M | $100.6M | $22.4M | — | View 990 |
| 2015 | $29.4M | $31.4M | $112.9M | $21.3M | — | View 990 |
| 2014 | $35.4M | $29.6M | $118.3M | $21.7M | — | View 990 |
| 2013 | $28.5M | $28.6M | $102.7M | $22.2M | — | View 990 |
| 2012 | $24.3M | $30.7M | $98.3M | $24.5M | — | View 990 |
| 2011 | $19.4M | $25.9M | $107.7M | $23.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $30.4M, expenses of $32.1M, and assets of $122.9M (revenue +0.5% year-over-year).
- 2022: Revenue of $30.2M, expenses of $30.7M, and assets of $123.3M (revenue -6.3% year-over-year).
- 2021: Revenue of $32.3M, expenses of $28.9M, and assets of $142.7M (revenue +4.0% year-over-year).
- 2020: Revenue of $31.0M, expenses of $31.6M, and assets of $122.8M (revenue -12.0% year-over-year).
- 2019: Revenue of $35.3M, expenses of $32.7M, and assets of $124.5M (revenue -6.1% year-over-year).
- 2018: Revenue of $37.5M, expenses of $30.9M, and assets of $119.3M (revenue +12.1% year-over-year).
- 2017: Revenue of $33.5M, expenses of $31.8M, and assets of $110.4M (revenue +6.7% year-over-year).
- 2016: Revenue of $31.4M, expenses of $33.9M, and assets of $100.6M (revenue +6.7% year-over-year).
- 2015: Revenue of $29.4M, expenses of $31.4M, and assets of $112.9M (revenue -17.0% year-over-year).
- 2014: Revenue of $35.4M, expenses of $29.6M, and assets of $118.3M (revenue +24.1% year-over-year).
- 2013: Revenue of $28.5M, expenses of $28.6M, and assets of $102.7M (revenue +17.2% year-over-year).
- 2012: Revenue of $24.3M, expenses of $30.7M, and assets of $98.3M (revenue +25.4% year-over-year).
- 2011: Revenue of $19.4M, expenses of $25.9M, and assets of $107.7M.
Data Sources and Methodology
This transparency report for Asia Society 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.