Public Charity

ACE FOUNDATION

ACE FOUNDATION, of WASHINGTON, DC, is a Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $2.1M in revenue, $1.9M in expenses, $3.5M in total assets. 14 publicly reported grants to this organization, totaling roughly $6.5M, appear in IRS filings.

EIN: 463200311 WASHINGTON, DC Human Service Organizations NTEE: P20 Latest filing: 2025
Total Revenue$2.1M
Total Expenses$1.9M
Total Assets$3.5M
Grant Records14
Funding Total$6.5M
Filing Years2020–2025

Mission

TO IMPROVE THE QUALITY OF LIFE FOR ASIAN AND PACIFIC ISLANDER AMERICANS BY ASSISTING THE ASIAN AMERICAN AND PACIFIC ISLANDER (AAPI) AND ALL SMALL BUSINESS COMMUNITIES THROUGH BUSINESS EDUCATION AND TRAINING, RESEARCH, AND COMMUNITY DEVELOPMENT.

Where $100 goes at Ace Foundation

How Ace Foundation divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.

$83 Programs the work itself
$17 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $83 for programs

$28
Education
34% of program spending
$28
Economic development
33% of program spending
$27
Small business priority
33% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

DIRECTOR Angela Chang
DIRECTOR Bill Imada
DIRECTOR (THRU MAY); TREASURER Bin Yu
PRESIDENT AND CEO Chiling Tong
DIRECTOR Cy Chen
DIRECTOR Dennis Huang

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$6,196,000 6 grants
Civil Rights & Social Justice
$125,000 1 grant
Human & Social Services
$115,156 4 grants
Arts & Culture
$58,594 1 grant
Unspecified
$10,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $2.1M $1.9M $3.5M
2024 $3.2M $2.3M $3.4M
2023 $2.6M $2.2M $2.5M
2022 $4.1M $4.4M $2.2M
2020 $387K $360K $658K

Between 2020 and 2025, reported annual revenue grew from $387K to $2.1M (+446%), with total assets most recently reported at $3.5M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for ACE FOUNDATION

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