Asian Health Foundation Inc
Asian Health Foundation Inc. shows inconsistent financial performance with frequent operating deficits and declining assets.
EIN: 205759987 · Holmdel, NJ · NTEE: E99 · Updated: 2026-03-28
Is Asian Health Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Asian Health Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Asian Health Foundation Inc
Asian Health Foundation Inc (EIN: 205759987) is a nonprofit organization based in Holmdel, NJ, classified under NTEE code E99. The organization reported total revenue of $200K and total assets of $134K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Asian Health Foundation 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 Health Foundation Inc with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Asian Health Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through other means not categorized as officer compensation, which is a positive sign for resource allocation.
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 Health Foundation Inc's IRS 990 filings:
- Frequent operating deficits (e.g., 2023, 2022, 2020, 2019, 2018, 2015, 2014)
- Significant decline in assets over the past decade (from $267,768 in 2014 to $119,512 in 2023)
- Inconsistent revenue generation, making financial planning challenging
- High liabilities relative to assets in some periods (e.g., 2021 with $74,172 liabilities against $199,638 assets)
Strengths
The following positive indicators were identified for Asian Health Foundation Inc:
- Consistent IRS 990 filing history (13 filings) demonstrates transparency and compliance.
- 0% officer compensation reported across all filings, indicating efficient use of funds for leadership costs.
- Ability to generate significant revenue in some years (e.g., $276,311 in 2021, $279,199 in 2014).
Frequently Asked Questions about Asian Health Foundation Inc
Is Asian Health Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Asian Health Foundation Inc (EIN: 205759987) some concerns. Mission Score: 55/100. 4 red flags identified, 3 strengths noted.
How does Asian Health Foundation Inc spend its money?
Asian Health Foundation Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Asian Health Foundation Inc tax-deductible?
Asian Health Foundation Inc is registered as a tax-exempt nonprofit (EIN: 205759987). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why does Asian Health Foundation Inc. frequently operate at a deficit?
The provided data shows that in multiple years (e.g., 2023, 2022, 2020, 2019, 2018, 2015, 2014), the organization's expenses exceeded its revenue, indicating a pattern of operating deficits. This could be due to inconsistent fundraising, unexpected program costs, or a lack of robust financial planning.
What caused the significant drop in assets from $267,768 in 2014 to $119,512 in 2023?
The decline in assets suggests that the organization may have been drawing down its reserves to cover operating deficits or that its investments have decreased in value. Without detailed financial statements, the exact cause cannot be determined, but it's a trend that impacts long-term financial stability.
How does the organization sustain itself with 0% officer compensation?
The consistent reporting of 0% officer compensation implies that the organization's leadership may be entirely volunteer-based, or that compensation is structured in a way that doesn't fall under the 'officer compensation' category on the 990 form. This can be a strength in terms of minimizing overhead but also raises questions about the sustainability of leadership commitment.
Filing History
IRS 990 filing history for Asian Health Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Asian Health Foundation Inc's revenue has declined by 87%, moving from $542K to $70K. Total assets decreased by 60% over the same period, from $299K to $120K. Total functional expenses fell by 89.7%, from $700K to $72K. In its most recent filing year (2023), Asian Health Foundation Inc reported a deficit of $1K, with expenses exceeding revenue. The organization holds $21K in liabilities against $120K in assets (debt-to-asset ratio: 17.7%), resulting in net assets of $98K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $70K | $72K | $120K | $21K | — | View 990 |
| 2022 | $51K | $77K | $106K | $7K | — | View 990 |
| 2021 | $276K | $276K | $200K | $74K | — | View 990 |
| 2020 | $28K | $61K | $125K | $0 | — | View 990 |
| 2019 | $29K | $56K | $159K | $0 | — | View 990 |
| 2018 | $53K | $84K | $189K | $12K | — | View 990 |
| 2017 | $90K | $61K | $216K | $25K | — | View 990 |
| 2016 | $114K | $100K | $200K | $37K | — | View 990 |
| 2015 | $85K | $152K | $179K | $14K | — | View 990 |
| 2014 | $279K | $595K | $268K | $45K | — | View 990 |
| 2013 | $746K | $674K | $939K | $157K | — | View 990 |
| 2012 | $1.2M | $728K | $767K | $58K | — | View 990 |
| 2011 | $542K | $700K | $299K | $102K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $70K, expenses of $72K, and assets of $120K (revenue +38.4% year-over-year).
- 2022: Revenue of $51K, expenses of $77K, and assets of $106K (revenue -81.6% year-over-year).
- 2021: Revenue of $276K, expenses of $276K, and assets of $200K (revenue +891.4% year-over-year).
- 2020: Revenue of $28K, expenses of $61K, and assets of $125K (revenue -5.0% year-over-year).
- 2019: Revenue of $29K, expenses of $56K, and assets of $159K (revenue -44.8% year-over-year).
- 2018: Revenue of $53K, expenses of $84K, and assets of $189K (revenue -41.1% year-over-year).
- 2017: Revenue of $90K, expenses of $61K, and assets of $216K (revenue -20.9% year-over-year).
- 2016: Revenue of $114K, expenses of $100K, and assets of $200K (revenue +34.2% year-over-year).
- 2015: Revenue of $85K, expenses of $152K, and assets of $179K (revenue -69.6% year-over-year).
- 2014: Revenue of $279K, expenses of $595K, and assets of $268K (revenue -62.6% year-over-year).
- 2013: Revenue of $746K, expenses of $674K, and assets of $939K (revenue -39.8% year-over-year).
- 2012: Revenue of $1.2M, expenses of $728K, and assets of $767K (revenue +128.7% year-over-year).
- 2011: Revenue of $542K, expenses of $700K, and assets of $299K.
Data Sources and Methodology
This transparency report for Asian Health Foundation 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.