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Xie Foundation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn’t provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
−$300M (2022)

Expenses
$21.2M (2022)

Total Assets
$632M (2022)

Total Liabilities
$8.99M (2022)

Years with missing data
Source: Form 990 tax filings from 2011 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$299,712,809
Expenses
$21,177,856
Net Income
-$320,890,665
Net Assets
$623,132,983
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,478,205
Interest Revenue $0
Dividends $44,064
Sales of Assets $279,108
Other Income -$301,550,186
Notable Expenses Percent of Total Expenses
Charitable Disbursements $24,948,415
> 100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $632,122,762
Total Liabilities $8,989,779
Net Assets $623,132,983
Compensation
Key Employees and Officers Compensation Other
Ken Xie (Co Prs/Dir/Sec) $0 $0
Michael Xie (Co Prs/Dir) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$6,604,458
Expenses
$27,714,131
Net Income
-$21,109,673
Net Assets
$949,382,317
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $6,469,200
98.0%
Interest Revenue $0
Dividends $64,433
1.0%
Sales of Assets $43,423
0.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $27,513,514
99.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $956,961,483
Total Liabilities $7,579,166
Net Assets $949,382,317
Compensation
Key Employees and Officers Compensation Other
Ken Xie (Co Prs/Dir/Sec) $0 $0
Michael Xie (Co Prs/Dir) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,649,227
Expenses
$13,145,773
Net Income
-$9,496,546
Net Assets
$403,622,346
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $3,567,988
97.8%
Interest Revenue $0
Dividends $35,069
1.0%
Sales of Assets $25,794
0.7%
Other Income -$442
Notable Expenses Percent of Total Expenses
Charitable Disbursements $12,932,820
98.4%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $411,201,511
Total Liabilities $7,579,165
Net Assets $403,622,346
Compensation
Key Employees and Officers Compensation Other
Ken Xie (Co Prs/Dir/Sec) $0 $0
Michael Xie (Co Prs/Dir) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$12,642,527
Expenses
$5,959,961
Net Income
$6,682,566
Net Assets
$298,465,151
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $11,981,158
94.8%
Interest Revenue $0
Dividends $75,052
0.6%
Sales of Assets $472,346
3.7%
Other Income -$29
Notable Expenses Percent of Total Expenses
Charitable Disbursements $5,082,840
85.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $306,044,315
Total Liabilities $7,579,164
Net Assets $298,465,151
Compensation
Key Employees and Officers Compensation Other
Ken Xie (Co Prs/Dir/Sec) $0 $0
Michael Xie (Co Prs/Dir) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$42,035,656
Expenses
$5,672,311
Net Income
$36,363,345
Net Assets
$190,493,032
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $41,540,493
98.8%
Interest Revenue $0
Dividends $75,328
0.2%
Sales of Assets $309,104
0.7%
Other Income -$269
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,976,766
52.5%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $198,334,579
Total Liabilities $7,841,547
Net Assets $190,493,032
Compensation
Key Employees and Officers Compensation Other
Yuyi Wu (Vice Pres/Dir) $0 $0
Ken Xie (Co Prs/Dir/Sec) $0 $0
Michael Xie (Co Prs/Dir) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2016

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$16,790,605
Expenses
$4,326,598
Net Income
$12,464,007
Net Assets
$40,705,745
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $19,728,820
> 100%
Interest Revenue $0
Dividends $32,355
0.2%
Sales of Assets $229,605
1.4%
Other Income -$3,240,800
Notable Expenses Percent of Total Expenses
Charitable Disbursements $3,877,500
89.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $46,547,758
Total Liabilities $5,842,013
Net Assets $40,705,745

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$9,532,226
Expenses
$905,988
Net Income
$8,626,238
Net Assets
$22,399,725
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,856,100
19.5%
Interest Revenue $0
Dividends $32,900
0.3%
Sales of Assets $185,883
2.0%
Other Income $7,424,343
77.9%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $922,000
> 100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $24,867,398
Total Liabilities $2,467,673
Net Assets $22,399,725

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,401,134
Expenses
$1,055,284
Net Income
$345,850
Net Assets
$16,299,570
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,261,500
90.0%
Interest Revenue $0
Dividends $30,381
2.2%
Sales of Assets $89,446
6.4%
Other Income -$53
Notable Expenses Percent of Total Expenses
Charitable Disbursements $992,060
94.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $16,299,570
Total Liabilities $0
Net Assets $16,299,570

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,162,971
Expenses
$1,702,205
Net Income
$460,766
Net Assets
$15,160,275
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $2,734,250
> 100%
Interest Revenue $0
Dividends $17,750
0.8%
Sales of Assets $0
Other Income -$596,556
Notable Expenses Percent of Total Expenses
Charitable Disbursements $750,060
44.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $17,010,166
Total Liabilities $1,849,891
Net Assets $15,160,275

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$8,980,939
Expenses
$1,242,864
Net Income
$7,738,075
Net Assets
$14,699,509
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $8,262,855
92.0%
Interest Revenue $0
Dividends $1,315
0.0%
Sales of Assets $520,859
5.8%
Other Income $195,910
2.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $249,622
20.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $15,656,096
Total Liabilities $956,587
Net Assets $14,699,509

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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