Chinatown People Progressive Association Inc

Analysis

Chinatown People Progressive Association Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in April 1987, 39 years ago. 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 2023, Chinatown People Progressive Association Inc reported income of $1.7m and spending of $980k, leaving 43% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.7m (+51%), an average of +11% a year. The sharpest change came in the year to June 2020, when income rose by 17%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chinatown People Progressive Association Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MA. Charities of a similar size with the same main cause include Memorial Foundation of the Germanna Colonies in Virginia Inc ($1.7m), International Archaeological Research Institute Inc ($1.7m) and Muncie Boys and Girls Club Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 3.9% of the total. Compensation of current officers, directors and key employees was $112k (11% of expenses). Other salaries and wages came to $325k. At year end it held assets of $4.4m against liabilities of $71k, net assets of $4.4m. It reported 45 employees.