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CHARITY REVIEW
Issued: August 2025 Expires: August 2027

Asian American Federation Of New York

Accredited Charity
Accredited Charity

Meets Standards
(212) 344-5878
120 Wall Street
New York, NY, 10005
https://www.aafederation.org
📄 Full Report 🖨️ Print 📋 BBB Charity Standards

Standards For Charity Accountability

Governance

  1. Board Oversight
  2. Board Size
  3. Board Meetings
  4. Board Compensation
  5. Conflict of Interest

Measuring Effectiveness

  1. Effectiveness Policy
  2. Effectiveness Report

Finances

  1. Program Expenses
  2. Fundraising Expenses
  3. Accumulating Funds
  4. Audit Report
  5. Detailed Expense Breakdown
  6. Accurate Expense Reporting
  7. Budget Plan

Fundraising & Info

  1. Truthful Materials
  2. Annual Report
  3. Website Disclosures
  4. Donor Privacy
  5. Cause Marketing Disclosures
  6. Complaints

Asian American Federation Of New York meets the 20 Standards for Charity Accountability.

Stated Purpose:
The Asian American Federation is a nonprofit organization that works to advance the civic voice and well-being of Asian Americans. We provide leadership to the Asian American community through philanthropy, policy research, and strengthening community nonprofits. Established in 1989, the Federation represents and works with over 40 nonprofit agencies in the fields of health & human services, education, economic development, civic participation and social justice. Together, we address Asian American needs and give to our communities.

Year, State Incorporated:
1989, NY

Philanthropy: We promote giving and volunteerism to connect resources to needs. Our Asian American Community Fund provides grants to support programs and services. Research & Advocacy: We initiate research to assess community needs, to improve service access and to inform policies. We conduct advocacy on issues affecting our communities and our agencies. Our Census Information Center expands local access to census data and publishes up-to-date demographic profiles of Asian Americans. Nonprofit Support: We provide training, consultation and assistance to help member agencies strengthen and improve their governance, management capabilities and operational infrastructure. We also help agencies access funding and facilitate partnerships and collaboration. Special Initiatives: We make targeted efforts to respond to emerging issues as well as events or circumstances that impact our communities.

For the year ended June 30, 2023, Asian American Federation Of New York's program expenses were:

Programs $12,978,143
Total Program Expenses $12,978,143

Chair's Profession / Business Affiliation
Not disclosed

Board Size
9

Paid Staff Size
Not disclosed

Method(s) Used:
Invitations to fund raising events, Grant proposals, Internet, Appeals via Social Media (Facebook, etc.)

% of Related Contributions on Fundraising: 2.52%

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.

The following information is based on Asian American Federation Of New York's IRS Form 990 for the year ended June 30, 2023.

Source of Funds
Government Grants $11,952,646
Contributions $2,046,917
Special Events $160,293
Rental and Other Income $151,204
Investment Income $44,866
Total Income $14,355,926

Programs: 90% Fundraising: 2% Administrative: 8%

Total Income $14,355,926
Total expenses: $14,490,430
  Program expenses $12,978,143
  Fundraising expenses $356,456
  Administrative expenses $1,155,831
  Other expenses $0
Income in Excess of Expenses $-134,504
Beginning Net Assets $11,413,171
Other Changes In Net Assets $0
Ending Net Assets $11,278,667
Total Liabilities $6,888,092
Total Assets $18,166,759

An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.

This report is not to be used for fundraising or promotional purposes.

RELATED CONTENT

Report completed by:
BBB Foundation of Metropolitan New York