Chinese Economic Development Council Inc

Analysis

Chinese Economic Development Council Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in June 1977, 49 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Chinese Economic Development Council Inc reported income of $430k and spending of $4,034, leaving 99% of income unspent that year. Across the 6 years on record, from September 2019 to December 2023, income grew from $356k to $430k (+21%), an average of +3.8% a year. The sharpest change came in the year to December 2022, when income rose by 68%. Over the whole period it spent 1.7% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chinese Economic Development Council Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within MA. Charities of a similar size with the same main cause include World Harvest Ministries Inc ($429k), Reclaim Childhood Inc ($430k) and Lit Movement ($429k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 77% of the total. At year end it held assets of $5.3m against liabilities of $161k, net assets of $5.1m.