Great Neck Chinese Association Inc

Analysis

Great Neck Chinese Association Inc is a registered charity in United States, based in Great Neck, NY. It received its IRS tax-exemption ruling in April 2002, 24 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Great Neck Chinese Association Inc reported income of $62k and spending of $45k, leaving 28% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $52k to $62k (+19%), an average of +19% a year. The sharpest change came in the year to June 2024, when income rose by 19%. Over the whole period it spent 70% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Great Neck Chinese Association Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 26th percentile within NY. Charities of a similar size with the same main cause include Western Pennsylvania Genealogical Society ($62k), Covered Bridge Players ($62k) and Antenna Theater ($62k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 71% and program service revenue 23% of the total. At year end it held assets of $111k against liabilities of $0, net assets of $111k.