Chinese Consolidated Benevolent Association of New England

Analysis

Chinese Consolidated Benevolent Association of New England is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in March 1987, 39 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 Consolidated Benevolent Association of New England reported income of $4.2m and spending of $1.8m, leaving 57% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $4.2m (+74%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 382%. Over the whole period it spent 73% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chinese Consolidated Benevolent Association of New England sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MA. Charities of a similar size with the same main cause include Fostering Acadia ($4.2m), People Against a Violent Environment Incorporated ($4.2m) and Rockingham Nutrition & Meals on Wheels Program ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $19k (1.0% of expenses). Other salaries and wages came to $253k. At year end it held assets of $20.6m against liabilities of $7.9m, net assets of $12.7m. It reported 8 employees.