Asia Foundation
425 California St Ste 1700, San Francisco, CA · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $91,533,507 | $96,709,865 | $35,577,351 |
| FY2024 | $115,339,816 | $116,994,134 | $37,963,790 |
| FY2023 | $114,520,358 | $117,865,560 | $35,612,066 |
| FY2022 | $101,640,301 | $104,744,577 | $37,401,749 |
| FY2021 | $96,548,436 | $97,516,612 | $44,539,411 |
| FY2020 | $105,975,756 | $96,942,938 | $42,720,439 |
| FY2019 | $104,757,151 | $105,133,876 | $32,626,089 |
| FY2018 | $105,715,978 | $105,573,925 | $32,935,008 |
| FY2017 | $106,944,143 | $104,446,388 | $32,391,652 |
| FY2016 | $113,177,863 | $109,163,737 | $28,611,366 |
| FY2015 | $120,916,066 | $119,462,977 | $23,817,737 |
| FY2014 | $127,048,031 | $133,648,452 | $22,851,202 |
| FY2013 | $137,309,886 | $138,906,281 | $29,017,235 |
| FY2012 | $149,080,344 | $161,453,978 | $44,780,204 |
Form 990 filings
The returns filed by Asia Foundation (EIN 94-1191246), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $90,796,112 | 99% |
| Program service revenue | $0 | 0% |
| Other revenue | $737,395 | 1% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $81,649,536 | 84% |
| Management & general | $14,493,345 | 15% |
| Fundraising | $566,984 | 1% |
What the numbers show
- Contributions & grants made up 99% of total revenue in FY2025.
- Program services accounted for 84% of functional expenses, management & general 15%, and fundraising 1%.
- 84% of functional expenses went to program services in FY2025. That is higher than 33.3% of 33 International, Foreign Affairs & National Security organizations in CA.
- Net assets covered about 4.4 months of expenses at the end of the reporting year. That puts it in the 28th percentile among 1245 International, Foreign Affairs & National Security organizations in CA.
- Total revenue was higher than 99.6% of 1271 International, Foreign Affairs & National Security organizations in CA.
- Total revenue fell from $149,080,344 in FY2012 to $91,533,507 in FY2025. Revenue increased in 4 and decreased in 9 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 9 of 14 reported years (FY2012, FY2013, FY2014, FY2019, FY2021, FY2022, FY2023, FY2024, FY2025).
- The highest revenue on record here is $149,080,344 in FY2012.
- Net assets declined from $44,780,204 to $35,577,351 between FY2012 and FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
THE ASIA FOUNDATION IS A NON-PROFIT, INTERNATIONAL DEVELOPMENT ORGANIZATION.
IRS status
| Ruling year | 1952 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | Q300 — International, Foreign Affairs & National Security (in CA) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
Similar organizations
- Palestine Childrens Relief Fund — Burbank, CA · $94,873,840
- Kiva Microfunds — San Francisco, CA · $39,775,082
- Rippleworks Inc — San Francisco, CA · $144,469,459
- Global Fund for Women Inc — San Francisco, CA · $27,963,324
- Aam Foundation — Novato, CA · $25,791,872
- give2asia — San Francisco, CA · $22,676,488
- New Incentives — Covina, CA · $10,295,787
- Childrens Hunger Fund — Rnch Cascades, CA · $215,110,859
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
Think something here is wrong or should be removed? Use the contact form — we act on removal requests within 30 days.