Asian American Healthcare Center Inc
EIN: 262787967 · Columbia, MD · NTEE: E32
| Metric | Value |
|---|---|
| Total Revenue | $81K |
| Total Expenses | $59K |
| Net Assets | $22K |
Is Asian American Healthcare Center Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Asian American Healthcare Center Inc
Asian American Healthcare Center Inc (EIN: 262787967) is a nonprofit organization based in Columbia, MD, classified under NTEE code E32. The organization reported total revenue of $81K and total assets of $21K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Asian American Healthcare Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Asian American Healthcare Center Inc is a micro nonprofit that has been operating for 17 years, with 2 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of -31.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $48K |
| Total Expenses | $59K |
| Surplus / Deficit | $-11,415 |
| Total Assets | $23K |
| Total Liabilities | $1K |
| Net Assets | $22K |
| Operating Margin | -23.8% |
| Debt-to-Asset Ratio | 4.4% |
| Months of Reserves | 4.6 months |
Financial Health Grade: B
In 2023, Asian American Healthcare Center Inc reported a deficit of $11K with expenses exceeding revenue, holds 4.6 months of operating reserves (adequate), has a debt-to-asset ratio of 4.4% (very low leverage).
Financial Trends
Over 2 years of filings (2021–2023), Asian American Healthcare Center Inc's revenue has declined at a compound annual growth rate (CAGR) of -31.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -53.0% | -26.4% | -30.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Asian American Healthcare Center Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Asian American Healthcare Center Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $11K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.4%.
Frequently Asked Questions about Asian American Healthcare Center Inc
Is Asian American Healthcare Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Asian American Healthcare Center Inc (EIN: 262787967) insufficient data. 0 red flags identified, 0 strengths noted.
How does Asian American Healthcare Center Inc spend its money?
Detailed spending breakdown data is not yet available for Asian American Healthcare Center Inc. Check back for updated IRS 990 analysis.
Are donations to Asian American Healthcare Center Inc tax-deductible?
Asian American Healthcare Center Inc is registered as a tax-exempt nonprofit (EIN: 262787967). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Asian American Healthcare Center Inc located?
Asian American Healthcare Center Inc is headquartered in Columbia, Maryland and files with the IRS under EIN 262787967. It is classified under NTEE code E32.
How many years of IRS 990 filings does Asian American Healthcare Center Inc have?
Asian American Healthcare Center Inc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $81K in total revenue.
Filing History
IRS 990 filing history for Asian American Healthcare Center Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2021–2023), Asian American Healthcare Center Inc's revenue has declined by 53%, moving from $102K to $48K. Total assets decreased by 30.5% over the same period, from $33K to $23K. Total functional expenses fell by 26.4%, from $81K to $59K. In its most recent filing year (2023), Asian American Healthcare Center Inc reported a deficit of $11K, with expenses exceeding revenue. The organization holds $1K in liabilities against $23K in assets (debt-to-asset ratio: 4.4%), resulting in net assets of $22K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $48K | $59K | $23K | $1K | — | View 990 |
| 2021 | $102K | $81K | $33K | $6K | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Asian American Healthcare Center Inc:
Data Sources and Methodology
This transparency report for Asian American Healthcare Center 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.