Asian American Futures is a 501(c)(3) organization based in Irvine, California, registered in 2021, with $2,497,952 in FY2023 revenue. CharityIndex grades it D.
Revenue (FY2023)
$2.5M
▲ 1.7% vs prior year
Philanthropy median: $168K
Expenses (FY2023)
$3.3M
Net assets
$2.6M
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Asian American Futures— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Asian American Futures: 10 mo reserves · -31% margin earns a D on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Asian American Futures— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Asian American Futures: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue declined from $3.9M (FY2021) to $2.5M (FY2023) across 3 reported years.
Financial snapshot
Operating margin
-31.5%
Spent more than it raised in the latest fiscal year.
Total assets
$3.0M
Total liabilities
$405K
Net assets
$2.6M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $2,497,952▲1.7% | $3,283,693▲34.8% | $2,601,388▼23.2% | $3,006,703▼12.4% | 990 |
| 2022 | $2,457,131▼37.7% | $2,435,597▲267% | $3,387,129▲0.6% | $3,431,727▲1.5% | 990 |
| 2021 | $3,945,116 | $663,342 | $3,365,595 | $3,380,581 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
18 grants to Asian American Futures totaling $2.5M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The Asian American Foundation | Education initiative | 2024 | $300,000 |
| New Venture Fund | Civil rights, social action, advocacy | 2024 | $119,500 |
| Amalgamated Charitable Foundation Inc | General operating support | 2024 | $70,000 |
| The Asian American Foundation | Taaf resources & representation initiative | 2023 | $125,000 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $50,000 |
| Rockefeller Philanthropy Advisors Inc | General | 2023 | $25,000 |
| Gofundme Org | Support aapi community | 2022 | $500,000 |
| Marin Community Foundation | Program support | 2022 | $300,000 |
| Gofundme Org | Support aapi community | 2022 | $55,000 |
| Rockefeller Philanthropy Advisors Inc | General | 2022 | $50,000 |
| Amalgamated Charitable Foundation Inc | General operating support | 2022 | $50,000 |
| Orange County Community Foundation | Human services | 2022 | $25,000 |
| San Francisco Foundation | Program - to organize aapi communities in california to advocate for lasting change and define their own narrative and ultimately, build a broader constituency of engaged aapi community members who want agency, inclusion, and justice and wield policy, media and electoral power. | 2021 | $500,000 |
| Silicon Valley Community Foundation | Civil participation | 2021 | $100,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $50,000 |
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Data for Asian American Futures (EIN 85-4191419) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.