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The Asia Society
The Asia Society reported $29.6 million in revenue and $32.3 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $73.71 went to program services, $18.02 to management and general costs and $8.27 to fundraising. Its largest source of revenue was contributions and grants: 62.8% of the total. The highest compensation it reported for one person was $521,589 (PRESIDENT & CEO). 44 people received more than $100,000 in reportable compensation. Revenue fell 5% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $32MFor context, the median across 469 covered international, foreign affairs & national security charities: $89.04 programs, $8.28 management, $2.68 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $30MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 73.7% | 86.1% |
| Management & general Part IX 25(C) ÷ 25(A) | 18.0% | 8.0% |
| Fundraising Part IX 25(D) ÷ 25(A) | 8.3% | 2.6% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.14 | $0.03 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 62.8% | 96.6% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 2.5% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 3.5% | 0.0% |
| Highest reported compensation Part VII-A, columns D–F | $521,589 | $341,362 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.62% | 1.06% |
| People paid over $100,000 Part VII, line 2 | 44 | 10 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 39.9 | 7.5 |
| Independent voting board members Part VI 1a–1b | 65 of 67 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expensePolicy and business program division - the Asia Society policy institute has been ranked in the top 1% of think tanks around the world by the university of pennsylvania's think tanks and civil society's program. With a problem-solving mandate, the Asia Society policy institute (aspi) tackles major policy challenges now confronting the asia-pacific in security, prosperity, sustainability, and the development of common norms and values for the region. Policy work is also carried out by our center on U.S. China relations and our new york public programs department. For more information
Art and cultural programs division - the society's art and cultural programs division explores the vital expressions of diverse asian cultures through exhibitions, performances, films, lectures, and symposia. For more information
Communications division - the society pursues its mission to educate the public through innovative online programming activities. The work of the online outreach division includes contributions from headquarters as well as our sixteen other centers and branches around the world. It oversees the website which provides information about Asia Society programs as well as content generated specifically for the site on topics of current interest. For more information
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT & CEO Director/trustee, officer, 40.00 hrs/week | $511,089 | $0 | $10,500 | $521,589 |
| EVP & CHIEF OPERATING OFFICER Officer, 40.00 hrs/week | $367,961 | $0 | $67,524 | $435,485 |
| VP & MD, WASHINGTON DC OFFICE Highest compensated employee, 40.00 hrs/week | $324,862 | $0 | $21,115 | $345,977 |
| VP, INT'L SEC & DIPLOMACY - END 6/25 Highest compensated employee, 40.00 hrs/week | $325,088 | $0 | $20,129 | $345,217 |
| VP, CTR US-CHINA REL/ARTHUR ROSS DIR Highest compensated employee, 40.00 hrs/week | $310,058 | $0 | $35,066 | $345,124 |
| CHIEF DEVELOPMENT OFFICER Officer, 40.00 hrs/week | $270,075 | $0 | $47,833 | $317,908 |
| CHIEF DIGITAL & COMM. OFFICER Highest compensated employee, 40.00 hrs/week | $278,199 | $0 | $23,939 | $302,138 |
| CHIEF FINANCIAL OFFICER Officer, 40.00 hrs/week | $270,762 | $0 | $16,784 | $287,546 |
44 people received more than $100,000 in reportable compensation from The Asia Society (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.7M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b67 · 65 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 5215
- Volunteers Part I, line 699
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| VELOCITY GLOBAL LLC Professional services | $283,726 |
| UNIVERSAL SERVICES OF AMERICA LP Security services | $221,679 |
| KPMG LLP Audit and tax services | $128,575 |
| FRESH MEADOW MECHANICAL SVC LLC Professional services | $118,098 |
Individuals listed as contractors are left out. 4 contractors were paid more than $100,000 in all.
Private foundation grants it received
51 private foundations reported grants to The Asia Society totaling $8.9M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from The Asia Society's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for The Asia Society, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 The Asia Society spent in FY2025, $73.71 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of The Asia Society's spending goes to programs?
In the fiscal year ending June 30, 2025, The Asia Society reported that 73.7% of its $32.3 million in expenses went to program services, 18.0% to management and general and 8.3% to fundraising (Form 990, Part IX).
How much does The Asia Society pay its top executive?
The largest total compensation The Asia Society reported for one person in the fiscal year ending June 30, 2025 was $521,589, for the role of PRESIDENT & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The Asia Society get its money?
Of $29.6 million in revenue in the fiscal year ending June 30, 2025, 62.8% came from contributions and grants (including 2.5% from government grants) and 3.5% from program service revenue (Form 990, Part VIII).
Is The Asia Society a registered charity?
The IRS lists EIN 13-3234632 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202601069349300730 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202521209349302552 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202420859349300317 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202311109349300516 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202220669349300407 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202100649349301800 · read the filing
All filings for EIN 13-3234632: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.