Projects for Asia Charitable Foundation

EIN: 043422112 501(c)(3) Religion

Chesapeake, VA

Total Revenue
$224,129
Total Expenses
$214,698
Total Assets
$16,973
Net Assets
$16,973
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
VA
Phone
7572627228
Tax Period
2025-01-01 to 2025-12-31

Projects for Asia Charitable Foundation, founded in 1998, is a small nonprofit in the Religion sector that reported $224K in total revenue in fiscal year 2025. Expenses of $215K left a modest 4% surplus.

Mission

Financial Support of Charitable Boarding School for Abandonded or Displaced Tribal Children in Chiang Mai Thailand

Program Service Accomplishments

Program 1

All donated funds received are wire transfered to Projects for Asia charitable foundation Thailand

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $224,129
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $224,129

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $214,698
TOTAL EXPENSES $214,698

Year-over-Year Comparison

2025 2024 Change
Revenue $224,129 $208,675 +0.1%
Expenses $214,698 $207,912 +0.0%
Net Income $9,431 $763 +11.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
N/A
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
James Read Secretary 5.00
Director
$0 $0 $0
Douglas Matthews Treasurer 5.00
Director
$0 $0 $0
Thomas Bush Director 40.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $224,129 $214,698 $16,973 $9,431
2024 No data No data No data No data
2022 $250,825 $256,310 $2,085 $-5,485
2021 $219,796 $214,176 $7,570 $5,620
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