Greater Boston Chinese Cultural Association

Analysis

Greater Boston Chinese Cultural Association is a registered charity in United States, based in W Newton, MA. It received its IRS tax-exemption ruling in May 1981, 45 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 December 2023, Greater Boston Chinese Cultural Association reported income of $463k and spending of $339k, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $481k to $463k (-3.7%), an average of -0.9% a year. The sharpest change came in the year to December 2023, when income rose by 125%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Greater Boston Chinese Cultural Association sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within MA. Charities of a similar size with the same main cause include San Rafael Public Education Foundation ($463k), Artists in Residence Inc ($463k) and Canal Society of New Jersey ($463k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 69% of the total. Other salaries and wages came to $44k. At year end it held assets of $2.2m against liabilities of $12k, net assets of $2.2m. It reported 2 employees.