Asian Cultural Council Inc
Asian Cultural Council Inc. consistently grows assets and maintains surpluses with no reported officer compensation.
EIN: 133018822 · New York, NY · NTEE: Q210 · Updated: 2026-03-28
Is Asian Cultural Council Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Asian Cultural Council Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Asian Cultural Council Inc
Asian Cultural Council Inc (EIN: 133018822) is a nonprofit organization based in New York, NY, classified under NTEE code Q210. The organization reported total revenue of $9.2M and total assets of $49.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Asian Cultural Council 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 Asian Cultural Council Inc with a Mission Score of 92 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Asian Cultural Council Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual and suggests a strong commitment to directing funds towards its mission.
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.
Strengths
The following positive indicators were identified for Asian Cultural Council Inc:
- Consistent asset growth, increasing from $29,261,768 in 2018 to $45,329,759 in 2023.
- Regularly achieves revenue surpluses, such as $1,511,784 in 2023 (Revenue $4,983,238 vs. Expenses $3,471,454).
- Zero reported officer compensation across all 14 filings, indicating high efficiency in resource allocation.
- Strong financial health with liabilities consistently representing a small portion of total assets.
- Consistent and transparent IRS 990 filing history over 14 periods.
Frequently Asked Questions about Asian Cultural Council Inc
Is Asian Cultural Council Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Asian Cultural Council Inc (EIN: 133018822) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Asian Cultural Council Inc spend its money?
Asian Cultural Council Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Asian Cultural Council Inc tax-deductible?
Asian Cultural Council Inc is registered as a tax-exempt nonprofit (EIN: 133018822). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Asian Cultural Council Inc. financially stable?
Yes, the Asian Cultural Council Inc. is financially stable, consistently growing its assets from $29,261,768 in 2018 to $45,329,759 in 2023, and generally operating with a revenue surplus over expenses.
How does Asian Cultural Council Inc. manage executive compensation?
The Asian Cultural Council Inc. reports 0% officer compensation across all 14 available IRS 990 filings, indicating that no salaries are paid to its officers.
What is the trend in the organization's assets?
The organization's assets have shown a strong upward trend, increasing from $29,261,768 in 2018 to $45,329,759 in 2023, demonstrating significant financial growth.
Filing History
IRS 990 filing history for Asian Cultural Council Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Asian Cultural Council Inc's revenue has grown by 25.6%, moving from $4.0M to $5.0M. Total assets increased by 38.7% over the same period, from $32.7M to $45.3M. Total functional expenses fell by 29.1%, from $4.9M to $3.5M. In its most recent filing year (2023), Asian Cultural Council Inc reported a surplus of $1.5M, with revenue exceeding expenses. The organization holds $3.6M in liabilities against $45.3M in assets (debt-to-asset ratio: 8.0%), resulting in net assets of $41.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $5.0M | $3.5M | $45.3M | $3.6M | — | — |
| 2022 | $8.1M | $3.6M | $41.0M | $4.5M | — | View 990 |
| 2021 | $6.6M | $4.0M | $42.4M | $4.7M | — | View 990 |
| 2020 | $5.3M | $4.5M | $36.8M | $4.7M | — | View 990 |
| 2019 | $3.9M | $4.5M | $32.9M | $4.1M | — | View 990 |
| 2018 | $2.5M | $4.4M | $29.3M | $4.2M | — | View 990 |
| 2017 | $5.9M | $4.6M | $31.9M | $5.1M | — | View 990 |
| 2016 | $2.6M | $4.6M | $30.4M | $5.1M | — | View 990 |
| 2015 | $6.8M | $4.8M | $31.1M | $5.1M | — | View 990 |
| 2014 | $10.3M | $4.7M | $30.1M | $5.3M | — | View 990 |
| 2013 | $3.2M | $5.0M | $29.9M | $4.2M | — | View 990 |
| 2012 | $2.4M | $5.7M | $28.0M | $5.0M | — | View 990 |
| 2011 | $4.4M | $6.0M | $29.7M | $5.1M | — | View 990 |
| 2010 | $4.0M | $4.9M | $32.7M | $5.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.0M, expenses of $3.5M, and assets of $45.3M (revenue -38.6% year-over-year).
- 2022: Revenue of $8.1M, expenses of $3.6M, and assets of $41.0M (revenue +23.8% year-over-year).
- 2021: Revenue of $6.6M, expenses of $4.0M, and assets of $42.4M (revenue +22.8% year-over-year).
- 2020: Revenue of $5.3M, expenses of $4.5M, and assets of $36.8M (revenue +37.3% year-over-year).
- 2019: Revenue of $3.9M, expenses of $4.5M, and assets of $32.9M (revenue +57.2% year-over-year).
- 2018: Revenue of $2.5M, expenses of $4.4M, and assets of $29.3M (revenue -57.8% year-over-year).
- 2017: Revenue of $5.9M, expenses of $4.6M, and assets of $31.9M (revenue +122.8% year-over-year).
- 2016: Revenue of $2.6M, expenses of $4.6M, and assets of $30.4M (revenue -61.5% year-over-year).
- 2015: Revenue of $6.8M, expenses of $4.8M, and assets of $31.1M (revenue -33.4% year-over-year).
- 2014: Revenue of $10.3M, expenses of $4.7M, and assets of $30.1M (revenue +217.1% year-over-year).
- 2013: Revenue of $3.2M, expenses of $5.0M, and assets of $29.9M (revenue +37.1% year-over-year).
- 2012: Revenue of $2.4M, expenses of $5.7M, and assets of $28.0M (revenue -45.9% year-over-year).
- 2011: Revenue of $4.4M, expenses of $6.0M, and assets of $29.7M (revenue +10.0% year-over-year).
- 2010: Revenue of $4.0M, expenses of $4.9M, and assets of $32.7M.
Data Sources and Methodology
This transparency report for Asian Cultural Council 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.