Wichita Asian Association
EIN: 480930285 · Wichita, KS
| Metric | Value |
|---|---|
| Total Revenue | $67K |
| Total Expenses | $36K |
| Net Assets | $90K |
Is Wichita Asian Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Wichita Asian Association
Wichita Asian Association (EIN: 480930285) is a nonprofit organization based in Wichita, KS. The organization reported total revenue of $67K and total assets of $122K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wichita Asian Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wichita Asian Association is a micro nonprofit that has been operating for 41 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of -67.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $24K |
| Total Expenses | $36K |
| Surplus / Deficit | $-11,642 |
| Total Assets | $90K |
| Net Assets | $90K |
| Operating Margin | -48.3% |
| Months of Reserves | 30.3 months |
Financial Health Grade: B
In 2023, Wichita Asian Association reported a deficit of $12K with expenses exceeding revenue, holds 30.3 months of operating reserves (strong position).
Financial Trends
Over 2 years of filings (2022–2023), Wichita Asian Association's revenue has declined at a compound annual growth rate (CAGR) of -67.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -67.2% | -4.9% | -11.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1985 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Wichita Asian Association 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 Wichita Asian Association 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 $12K, with expenses exceeding revenue.
Frequently Asked Questions about Wichita Asian Association
Is Wichita Asian Association a legitimate charity?
Wichita Asian Association (EIN: 480930285) is a registered tax-exempt nonprofit based in Kansas. It has 2 years of IRS 990 filings on record. Total revenue: $67K. No red flags identified. Financial health grade: B.
How does Wichita Asian Association spend its money?
Wichita Asian Association reported $67K in total revenue in IRS 990 filings. 2 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Wichita Asian Association tax-deductible?
Wichita Asian Association is registered as a tax-exempt nonprofit (EIN: 480930285). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Wichita Asian Association located?
Wichita Asian Association is headquartered in Wichita, Kansas and files with the IRS under EIN 480930285.
How many years of IRS 990 filings does Wichita Asian Association have?
Wichita Asian Association 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 $67K in total revenue.
Filing History
IRS 990 filing history for Wichita Asian Association showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Wichita Asian Association's revenue has declined by 67.2%, moving from $74K to $24K. Total assets decreased by 11.4% over the same period, from $102K to $90K. Total functional expenses fell by 4.9%, from $38K to $36K. In its most recent filing year (2023), Wichita Asian Association reported a deficit of $12K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $24K | $36K | $90K | $0 | — | View 990 |
| 2022 | $74K | $38K | $102K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wichita Asian Association:
Data Sources and Methodology
This transparency report for Wichita Asian Association 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.