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· Public charity

Asian Americans for Equality Inc

To advance racial, social and economic justice for asian americans and other systematically disadvantaged communities by creating affordable housing and economic opportunity, providing an array of multilingual community services and fostering grassroots leadership and civic engagement.

$1.3M
Granted FY2024still arriving
3
Grants FY2024still arriving
2
States reached
$1.1M
Largest
01What it funds
01100% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2022 to 2024.

Community Improvement$1.4MHousing & Shelter$1.3MYouth Development$35k
02FY2024 · 3 grants

Where the money goes

Grants by size, and the largest recipients.

By grant size · FY2024

  • $50k–250k2 grants · $222k
  • $250k+1 grant · $1.1M
$132,750
Median grant
2
States reached
$24M
Total assets
Largest grants
RecipientAmount
HARDESTY RENAISSANCE ECONOMIC DEVELOPMENT CORPORATION$1,072,369
RENAISSANCE ECONOMIC DEVELOPMENT CORPORATION$132,750
AAFE COMMUNITY DEVELOPMENT FUND INC$89,050
02The need
03

Does the money reach high-need areas?

Each grant placed by the hardship in its grantee’s ZIP, against the area’s typical level.

show:

Dollar for dollar, its grants (FY22–24) land where the poverty rate runs at 16%, against an area that typically sits at 12%. 100% of its dollars go to grantees based in above-average-need neighborhoods. Most of its grants land in higher-need ZIPs.

area typical 12%4NYC HOUSING INC: $568k → 17%HARDESTY RENAISSANCE ECONOMIC DEVELOPMENT CORPORATION: $1.1M → 15%4NYC HOUSING INC: $287k → 17%AAFE COMMUNITY DEVELOPMENT FUND INC: $207k → 17%RENAISSANCE ECONOMIC DEVELOPMENT CORPORATION: $135k → 17%RENAISSANCE ECONOMIC DEVELOPMENT CORPORATION: $133k → 17%4NYC HOUSING INC: $121k → 17%AAFE COMMUNITY DEVELOPMENT FUND INC: $89k → 17%CREATE IN CHINATOWN INC DBA THINKCHINATOWN: $73k → 17%RENAISSANCE ECONOMIC DEVELOPMENT CORPORATION: $45k → 17%STANTON NORFOLK: $25k → 17%STANTON NORFOLK: $10k → 17%0%20%40%50%more need →
grant to an above-average-need area below average· circle size = grant amount
How this is measured
Matched: human-services grants are those whose grantee’s IRS cause code is Human Services. Placed by people below the poverty line in the grantee’s ZIP, averaged from the tracts in that ZIP.
How this is measured
US grants placed by each grantee’s ZIP, which can differ from where services are delivered. Need from public data (U.S. Census/ACS, CDC PLACES, Eviction Lab, USDA), shown as context about the area, never attributed to the funder’s giving.
03Its grantees
repeat funding

Who it funds again

Organizations funded in more than one year, against those funded once.

59%of every dollar goes to organizations it has funded before.
$1.6M · 4 repeat orgs$1.1M to everyone else

Grantees it renews have grown median revenue +5% since the first grant, against -70% for those funded once.

4 repeat relationships: 2 still active in FY2024, 2 since wound down; 1 grantees were first funded in FY2024 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

4
1

Total granted

$1.6M
$73k

Median revenue growth · since first grant

+5%
-70%

Still filing today

100%
100%

New vs renewed · share of each year

In FY2024, 17% of grant dollars renewed an existing relationship; $1.1M went to new ones.

50%100%’22’23’24
RenewedFirst-time

Where new relationships form · theme of each grantee’s first grant

’22’23’24
Housing & ShelterCommunity ImprovementArts & CultureOther
How this is measured
First-time means a grantee’s first year in the filing window; renewed means funded in an earlier year too. The renewed share climbs naturally as a portfolio matures, so the signal is a year that bucks it (a wave of new grantees). The earliest year is left-censored: relationships that predate the data read as new. Theme is the grantee’s IRS cause.

Backed again, and grew

  • 4H
    4NYC HOUSING INC
    2× · 2022–2023 · $976k · revenue -97% · 100% of their budget
  • RE
    RENAISSANCE ECONOMIC DEVELOPMENT CORPORATION
    3× · 2022–2024 · $313k · revenue +42%
  • AC
    AAFE COMMUNITY DEVELOPMENT FUND INC
    2× · 2023–2024 · $296k · revenue -22%

Funded once

  • CI
    CREATE IN CHINATOWN INC
    one grant, 2023 · $73k · revenue -70%
How this is measured

Repeat means funded in two or more distinct years. Growth and survival are read from each grantee’s own subsequent IRS filings.

04Its field
04the grantee network

6 grantees tracked through their own filings, 2017–2025.

Each grant beside the grantee’s revenue from every source, year by year.

How this is measured

Counted here: distinct organizations funded across 2017 to 2025, not grant rows in a single year, so this will not match the grant count on the cover.

Each grantee is resolved to its own IRS returns. Association, dated; never a causal claim.

2
Load-bearing (≥25% of a budget)
0
Early backer (in before they grew)
6/6
Grantees still filing
2/6
Grew since first funded

Where the money sits, by cause and then by grantee

HARDESTY RENAISSANCE ECONOMIC DEV CORP: $1,072,369 · Community ImprovementHARDESTY RENAISSANCE ECONOMIC DEV CORPRENAISSANCE ECONOMIC DEVELOPMENT CORPORATION: $312,750 · Community ImprovementRENAISSANCE ECONOMIC DEVELOPMENT CORPORATION4NYC HOUSING INC: $976,232 · Housing & Shelter4NYC HOUSING INCAAFE COMMUNITY DEVELOPMENT FUND INC: $295,815 · Housing & ShelterAAFE COMMUNITY DEVELOPMENT FUND INC+1 more: $35,000 · Housing & ShelterCREATE IN CHINATOWN INC: $73,000 · Arts & Culture
Community Improvement$1,385,119Housing & Shelter$1,307,047Arts & Culture$73,000

Each grantee by its size and the funder’s share of it; top left is load-bearing

25%50%75%100%$1.0Mgrantee revenue →↑ funder's share of their budgetHARDESTY RENAISSANCE ECONOMIC DEV CORP: $1,072,369 over 1y, 38% of budget4NYC HOUSING INC: $976,232 over 2y, 100% of budgetRENAISSANCE ECONOMIC DEVELOPMENT CORPORATION: $312,750 over 3y, 3.3% of budgetAAFE COMMUNITY DEVELOPMENT FUND INC: $295,815 over 2y, 24% of budgetCREATE IN CHINATOWN INC: $73,000 over 1y, 4.0% of budgetSTANTON NORFOLK INC: $35,000 over 2y, 0.5% of budget
Grantee by grantee: a decade per organization, before and after funding

A decade per grantee: revenue shaded, grants as bars, all rows on one timeline.

How much its grantees rely on government

Each dot is one organization Asian Americans for Equality Inc funds: left to right is the share of its income from government, bottom to top the share from Asian Americans for Equality Inc. Bigger dots raise more.

2024
’20’21’22’23’24
no gov · 00%6%25%56%100%funder's share of their income ↑0%25%50%75%100%share of the org’s income from government →
    no gov moneyreceives it· size = income
    0get no government money at all
    2report government grants on their 990 we could not trace to a source (not plotted)
    0rely on government for over half their income
    typical government reliance, FY20–24
    How this is measured
    Government income is each org’s traced federal awards (USASpending grants and contracts) plus state payments (open checkbooks) as a share of its total revenue (IRS Form 990); the self-reported government-grant line (990 line 1e) is carried for cross-check: a grantee that reports government grants we could not trace to a source is left off the chart rather than shown as receiving none. An association, not a claim that a grant caused the public funding. Coverage is precision-first, a floor rather than a census; state records exist for 9 states, so a grantee outside them shows no state figure (dimmed) rather than a false zero. Federal award amounts are obligations, which can span years, so a single-year share is indicative. 990 filings lag 12 to 24 months.

    On method. Every financial figure here is read from IRS e-file XML, the funder’s own 990/990-PF, and from the multi-year returns of the 6 grantees we resolved, each linked to its source. Grantee outcomes are each organization’s own program-service reporting (Form 990, Part III), read as association with funding, never as caused by it. Low-confidence name matches are suppressed rather than guessed. How we build these →

    How this is measured
    Each figure carries one of six labels. Filed is what the funder reported on its return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears.

    Generated from the IRS Form 990 e-file return for fiscal year 2024, released 2024. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

    Source object · view filing

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