Asian Festival Corporation
Asian Festival Corporation shows consistent asset growth and low liabilities, with no reported officer compensation.
EIN: 10813672 · Columbus, OH · NTEE: N52 · Updated: 2026-03-27
| Metric | Value |
|---|---|
| Total Revenue | $445K |
| Total Expenses | $360K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $1.0M |
| Transparency Score | 85/100 |
Is Asian Festival Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Asian Festival Corporation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Asian Festival Corporation
Asian Festival Corporation (EIN: 10813672) is a nonprofit organization based in Columbus, OH, classified under NTEE code N52. The organization reported total revenue of $445K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Asian Festival Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Asian Festival Corporation is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $362K |
| Total Expenses | $360K |
| Surplus / Deficit | +$2K |
| Total Assets | $1.0M |
| Total Liabilities | $272 |
| Net Assets | $1.0M |
| Operating Margin | 0.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 33.7 months |
Financial Health Grade: A
In 2023, Asian Festival Corporation reported a surplus of $2K with revenue exceeding expenses, holds 33.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Asian Festival Corporation's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +79.0% | +290.3% | +0.1% |
| 2022 | +8.3% | +20.5% | +12.3% |
| 2021 | +8.0% | +97.1% | +14.1% |
| 2020 | -59.8% | -90.6% | +20.6% |
| 2019 | +21.2% | +27.7% | +2.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Asian Festival Corporation 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: 80%
- fundraising: 5%
According to IRS 990 filings, Asian Festival Corporation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Asian Festival Corporation reports 0% officer compensation across all available filings, indicating that its leadership may be entirely volunteer-based or compensated through non-officer roles, which is highly unusual for an organization with over $1 million in assets and hundreds of thousands in annual revenue.
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 Asian Festival Corporation's IRS 990 filings:
- Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data, making precise efficiency analysis difficult.
- Unusually low expense-to-revenue ratio in some years (e.g., 2022: $92,262 expenses on $202,303 revenue) could indicate significant cash reserves or underreporting of certain activities, or highly efficient operations.
Strengths
The following positive indicators were identified for Asian Festival Corporation:
- Consistent and significant asset growth, reaching over $1 million by 2023.
- Extremely low liabilities across all reported periods, indicating strong financial health and low risk.
- 0% reported officer compensation, suggesting a highly volunteer-driven or lean executive structure.
- Long history of IRS 990 filings (13 filings), demonstrating commitment to transparency.
- Positive net income in most years, contributing to asset accumulation.
Frequently Asked Questions about Asian Festival Corporation
Is Asian Festival Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Asian Festival Corporation (EIN: 10813672) some concerns. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
How does Asian Festival Corporation spend its money?
Asian Festival Corporation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Asian Festival Corporation tax-deductible?
Asian Festival Corporation is registered as a tax-exempt nonprofit (EIN: 10813672). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Asian Festival Corporation CEO make?
Asian Festival Corporation's highest-compensated officer earns $1 annually. The organization reported $445K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Asian Festival Corporation's spending goes to programs?
Asian Festival Corporation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Asian Festival Corporation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Asian Festival Corporation is above average for NTEE category N52 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Asian Festival Corporation located?
Asian Festival Corporation is headquartered in Columbus, Ohio and files with the IRS under EIN 10813672. It is classified under NTEE code N52.
How many years of IRS 990 filings does Asian Festival Corporation have?
Asian Festival Corporation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $445K in total revenue.
Is Asian Festival Corporation a good charity?
Based on the available data, Asian Festival Corporation appears to be a financially stable organization with a strong track record of asset growth and very low liabilities. The absence of officer compensation is a significant positive indicator for resource allocation. However, without detailed functional expense breakdowns, it's difficult to fully assess program efficiency.
How has Asian Festival Corporation's financial health changed over time?
The organization's financial health has consistently improved. Assets have grown from $475,567 in 2014 to over $1 million in 2023. Revenue has fluctuated but generally trended upwards, and liabilities have remained remarkably low, indicating strong financial management.
What is the organization's biggest financial strength?
The organization's biggest financial strength is its consistent asset growth and extremely low liabilities. With assets exceeding $1 million and liabilities consistently under $2,000 in most years, it demonstrates excellent financial stability and risk management.
Why is officer compensation 0%?
The 0% officer compensation reported across all filings suggests that the organization's leadership may be entirely volunteer-based, or that any compensation for key personnel is categorized differently within their financial statements, such as general salaries and wages, rather than specifically as officer compensation.
Filing History
IRS 990 filing history for Asian Festival Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Asian Festival Corporation's revenue has grown by 29.2%, moving from $280K to $362K. Total assets increased by 227.1% over the same period, from $309K to $1.0M. Total functional expenses rose by 68%, from $214K to $360K. In its most recent filing year (2023), Asian Festival Corporation reported a surplus of $2K, with revenue exceeding expenses. The organization holds $272 in liabilities against $1.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $362K | $360K | $1.0M | $272 | — | View 990 |
| 2022 | $202K | $92K | $1.0M | $2K | — | View 990 |
| 2021 | $187K | $77K | $899K | $974 | — | — |
| 2020 | $173K | $39K | $788K | $205 | — | View 990 |
| 2019 | $431K | $412K | $654K | $36 | — | View 990 |
| 2018 | $356K | $323K | $636K | $107 | — | View 990 |
| 2017 | $351K | $301K | $603K | $504 | — | View 990 |
| 2016 | $314K | $276K | $555K | $1K | — | View 990 |
| 2015 | $315K | $276K | $515K | $0 | — | View 990 |
| 2014 | $374K | $287K | $476K | $0 | — | View 990 |
| 2013 | $288K | $235K | $388K | $0 | — | View 990 |
| 2012 | $303K | $276K | $336K | $250 | — | View 990 |
| 2011 | $280K | $214K | $309K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $362K, expenses of $360K, and assets of $1.0M (revenue +79.0% year-over-year).
- 2022: Revenue of $202K, expenses of $92K, and assets of $1.0M (revenue +8.3% year-over-year).
- 2021: Revenue of $187K, expenses of $77K, and assets of $899K (revenue +8.0% year-over-year).
- 2020: Revenue of $173K, expenses of $39K, and assets of $788K (revenue -59.8% year-over-year).
- 2019: Revenue of $431K, expenses of $412K, and assets of $654K (revenue +21.2% year-over-year).
- 2018: Revenue of $356K, expenses of $323K, and assets of $636K (revenue +1.4% year-over-year).
- 2017: Revenue of $351K, expenses of $301K, and assets of $603K (revenue +11.7% year-over-year).
- 2016: Revenue of $314K, expenses of $276K, and assets of $555K (revenue -0.4% year-over-year).
- 2015: Revenue of $315K, expenses of $276K, and assets of $515K (revenue -15.8% year-over-year).
- 2014: Revenue of $374K, expenses of $287K, and assets of $476K (revenue +30.2% year-over-year).
- 2013: Revenue of $288K, expenses of $235K, and assets of $388K (revenue -5.0% year-over-year).
- 2012: Revenue of $303K, expenses of $276K, and assets of $336K (revenue +8.1% year-over-year).
- 2011: Revenue of $280K, expenses of $214K, and assets of $309K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Asian Festival Corporation:
Data Sources and Methodology
This transparency report for Asian Festival Corporation 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.