Chinese Culture Connection Inc

Analysis

Chinese Culture Connection Inc is a registered charity in United States, based in Malden, MA. It received its IRS tax-exemption ruling in April 1991, 35 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Chinese Culture Connection Inc reported income of $625k and spending of $495k, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $341k to $625k (+83%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 56%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chinese Culture Connection Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MA. Charities of a similar size with the same main cause include Pacific Southwest Railway Museum ($625k), Tosco Music Parties Inc ($625k) and Panther Creek Valley Foundation Inc ($625k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $76k (15% of expenses). Other salaries and wages came to $199k. At year end it held assets of $451k against liabilities of $75k, net assets of $377k. It reported 14 employees.