Cleveland Asian Festival Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
The Cleveland Asian Festival (CAF) is committed to strengthening AsiaTown, educating and promoting Asian culture and tradition, celebrating Asian Heritage Month, and uniting the Cleveland Asian community.
- Income
- $160,338
- Spending
- $128,036
- Reserves
- 25.9 months of spending
- Largest source of income
- donations and private grants, 65%
Source: Form 990EZ for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Strong: 100 out of 100. Higher than 85% of charities in its peer group (arts and culture, under $250k).
Reserves
35 of 35Spendable reserves would cover 25.9 months of spending.
Debt
20 of 20It owes 0% of what it owns.
Living within its means
15 of 15Income exceeded spending by 20% of income.
Source: Form 990EZ for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
This organization files the short tax form, which does not ask about boards, policies or audits. That is normal for a small charity and is not a mark against it.
Source: Form 990EZ for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (3)
- $17,033 spent. On the two CAF performance stages, 46 performance groups representing Asian Culture from China, India, Japan, Taiwan, Philippines and Hawaii. Special features included the Asian Pop Dance Cover Competition: A crowd favorite featuring high-energy routines set to K-Pop, C-Pop, Filipino-Pop, Bollywood, and Nepali Hip-Hop. Also, the Cosplay Showcase: A popular event for fans to display their elaborate, anime-inspired costumes.
- One of the popular events at the 2025 Cleveland Asian Festival was a Favorite Food Contest that encouraged attendees to try new and unfamiliar foods from the many CAF food vendors. The three finalists were Blasian Fusion, Tita Flora's and Parilya. The winner of the people's vote on Saturday was Parilya. Parilya also won the Judges award serving Sisig, a Filipino dish made from pork jowl and ears (maskara), pork belly, and chicken liver, which is usually seasoned with calamansi, onions, and chili peppers.
- The CAF Health Pavilion featured 6 local health organizations providing screening and education. They include Erie Foot and Ankle Center, Salam Clinic, Epilepsy Association, MetroHealth System, PNAO and ICHC.
Source: Form 990EZ for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since September 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.