Chinatown Main Street Inc

Analysis

Chinatown Main Street Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in September 2004, 22 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 June 2024, Chinatown Main Street Inc reported income of $52k and spending of $142k, spending 273% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income fell from $181k to $52k (-71%), an average of -46% a year. The sharpest change came in the year to June 2024, when income dropped by 59%. Over the whole period it spent 117% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chinatown Main Street Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 29th percentile within MA. Charities of a similar size with the same main cause include Food Rescue Inc ($52k), Jones Valley Teaching Farm Center for Food Education ($52k) and Eric C Savader Memorial Disabilities Fund ($52k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 58% and program service revenue 37% of the total. At year end it held assets of $147k against liabilities of $17k, net assets of $129k.