Asian Healthcare Foundation Ofmassachusetts Inc
Asian Healthcare Foundation consistently maintains significant financial surplus and growing assets with no reported officer compensation.
EIN: 205004218 · Boston, MA · NTEE: E11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.6M |
| Total Expenses | $595K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $23 |
| Net Assets | $20.0M |
| Transparency Score | 88/100 |
Is Asian Healthcare Foundation Ofmassachusetts Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Asian Healthcare Foundation Ofmassachusetts Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Asian Healthcare Foundation Ofmassachusetts Inc
Asian Healthcare Foundation Ofmassachusetts Inc (EIN: 205004218) is a nonprofit organization based in Boston, MA, classified under NTEE code E11. The organization reported total revenue of $4.6M and total assets of $24.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Asian Healthcare Foundation Ofmassachusetts Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Asian Healthcare Foundation Ofmassachusetts Inc is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -7.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $595K |
| Surplus / Deficit | +$650K |
| Total Assets | $20.0M |
| Total Liabilities | $4K |
| Net Assets | $20.0M |
| Operating Margin | 52.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 402.7 months |
Financial Health Grade: A
In 2023, Asian Healthcare Foundation Ofmassachusetts Inc reported a surplus of $650K with revenue exceeding expenses, holds 402.7 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 Healthcare Foundation Ofmassachusetts Inc's revenue has declined at a compound annual growth rate (CAGR) of -7.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.5% | -2.4% | +0.8% |
| 2022 | -3.2% | -12.0% | +6.4% |
| 2021 | -14.5% | +3.7% | +3.7% |
| 2020 | -4.7% | -1.2% | +5.4% |
| 2019 | -21.5% | -16.9% | +6.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Healthcare Foundation Ofmassachusetts Inc with a Mission Score of 88 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 Healthcare Foundation Ofmassachusetts 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $650K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership either serves on a volunteer basis or is compensated through other means not categorized as officer compensation, which is highly favorable for a nonprofit of its size with assets exceeding $23 million.
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 Healthcare Foundation Ofmassachusetts Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data
- Significant liabilities in 2023 ($3,621) and 2022 ($502,990) compared to earlier periods, warranting further investigation
Strengths
The following positive indicators were identified for Asian Healthcare Foundation Ofmassachusetts Inc:
- Consistent financial surplus generation
- Strong and growing asset base ($23,956,811 latest)
- No reported officer compensation across all filings
- Stable revenue streams over multiple years
- Low liabilities in most periods, indicating good financial health
Frequently Asked Questions about Asian Healthcare Foundation Ofmassachusetts Inc
Is Asian Healthcare Foundation Ofmassachusetts Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Asian Healthcare Foundation Ofmassachusetts Inc (EIN: 205004218) some concerns. Mission Score: 88/100. 2 red flags identified, 5 strengths noted.
How does Asian Healthcare Foundation Ofmassachusetts Inc spend its money?
Asian Healthcare Foundation Ofmassachusetts Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Asian Healthcare Foundation Ofmassachusetts Inc tax-deductible?
Asian Healthcare Foundation Ofmassachusetts Inc is registered as a tax-exempt nonprofit (EIN: 205004218). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Asian Healthcare Foundation Ofmassachusetts Inc CEO make?
Asian Healthcare Foundation Ofmassachusetts Inc's highest-compensated officer earns $23 annually. The organization reported $4.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Asian Healthcare Foundation Ofmassachusetts Inc's spending goes to programs?
Asian Healthcare Foundation Ofmassachusetts Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Asian Healthcare Foundation Ofmassachusetts Inc compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Asian Healthcare Foundation Ofmassachusetts Inc is above average for NTEE category E11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Asian Healthcare Foundation Ofmassachusetts Inc located?
Asian Healthcare Foundation Ofmassachusetts Inc is headquartered in Boston, Massachusetts and files with the IRS under EIN 205004218. It is classified under NTEE code E11.
How many years of IRS 990 filings does Asian Healthcare Foundation Ofmassachusetts Inc have?
Asian Healthcare Foundation Ofmassachusetts Inc 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 $4.6M in total revenue.
Is Asian Healthcare Foundation Ofmassachusetts Inc a good charity?
Based on the available data, the organization appears to be financially sound, consistently operating with a surplus and growing assets. The lack of reported officer compensation is a strong positive. However, a full assessment of 'goodness' would benefit from more detailed expense breakdowns to confirm program spending efficiency.
How does the organization manage its expenses relative to its revenue?
The organization consistently manages its expenses well below its revenue. For example, in 2023, expenses were $595,041 against revenues of $1,244,661, resulting in a significant surplus. This trend is observed across all reported periods, indicating strong financial control and the ability to build reserves.
What is the trend in the organization's assets?
The organization's assets have shown consistent and substantial growth over the years, increasing from $11,942,738 in 2014 to $23,956,811 in the latest period. This indicates effective asset management and financial stability.
Does the organization pay its officers?
According to the IRS 990 filings, officer compensation is consistently reported as 0% across all available periods, suggesting that officers are not compensated directly through this category.
Filing History
IRS 990 filing history for Asian Healthcare Foundation Ofmassachusetts Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Asian Healthcare Foundation Ofmassachusetts Inc's revenue has declined by 59.8%, moving from $3.1M to $1.2M. Total assets increased by 107.6% over the same period, from $9.6M to $20.0M. Total functional expenses fell by 29.6%, from $845K to $595K. In its most recent filing year (2023), Asian Healthcare Foundation Ofmassachusetts Inc reported a surplus of $650K, with revenue exceeding expenses. The organization holds $4K in liabilities against $20.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $20.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $595K | $20.0M | $4K | — | View 990 |
| 2022 | $1.3M | $610K | $19.8M | $503K | — | View 990 |
| 2021 | $1.4M | $693K | $18.6M | $29K | — | View 990 |
| 2020 | $1.6M | $668K | $18.0M | $41K | — | View 990 |
| 2019 | $1.7M | $676K | $17.0M | $57K | — | View 990 |
| 2018 | $2.2M | $814K | $16.0M | $11K | — | View 990 |
| 2017 | $1.4M | $579K | $14.6M | $6K | — | — |
| 2016 | $1.6M | $727K | $13.8M | $14K | — | View 990 |
| 2015 | $1.8M | $779K | $13.0M | $15K | — | View 990 |
| 2014 | $2.1M | $542K | $11.9M | $34K | — | View 990 |
| 2013 | $1.4M | $942K | $10.6M | $215K | — | View 990 |
| 2012 | $1.3M | $795K | $10.1M | $176K | — | View 990 |
| 2011 | $3.1M | $845K | $9.6M | $187K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $595K, and assets of $20.0M (revenue -6.5% year-over-year).
- 2022: Revenue of $1.3M, expenses of $610K, and assets of $19.8M (revenue -3.2% year-over-year).
- 2021: Revenue of $1.4M, expenses of $693K, and assets of $18.6M (revenue -14.5% year-over-year).
- 2020: Revenue of $1.6M, expenses of $668K, and assets of $18.0M (revenue -4.7% year-over-year).
- 2019: Revenue of $1.7M, expenses of $676K, and assets of $17.0M (revenue -21.5% year-over-year).
- 2018: Revenue of $2.2M, expenses of $814K, and assets of $16.0M (revenue +53.9% year-over-year).
- 2017: Revenue of $1.4M, expenses of $579K, and assets of $14.6M (revenue -10.8% year-over-year).
- 2016: Revenue of $1.6M, expenses of $727K, and assets of $13.8M (revenue -14.6% year-over-year).
- 2015: Revenue of $1.8M, expenses of $779K, and assets of $13.0M (revenue -11.8% year-over-year).
- 2014: Revenue of $2.1M, expenses of $542K, and assets of $11.9M (revenue +48.6% year-over-year).
- 2013: Revenue of $1.4M, expenses of $942K, and assets of $10.6M (revenue +9.6% year-over-year).
- 2012: Revenue of $1.3M, expenses of $795K, and assets of $10.1M (revenue -58.8% year-over-year).
- 2011: Revenue of $3.1M, expenses of $845K, and assets of $9.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Asian Healthcare Foundation Ofmassachusetts Inc:
Data Sources and Methodology
This transparency report for Asian Healthcare Foundation Ofmassachusetts 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.