Museum of Chinese in the America

Analysis

Museum of Chinese in the America is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1982, 44 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 (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, Museum of Chinese in the America reported income of $2.4m and spending of $5.0m, spending 211% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.6m to $2.4m (-34%), an average of -9.7% a year. The sharpest change came in the year to December 2020, when income rose by 309%. Over the whole period it spent 60% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Museum of Chinese in the America sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include The Art Effect of the Hudson Valley Inc ($2.4m), Workhouse Arts Foundation Inc ($2.4m) and Astronomical Society of the Pacific ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 4.5% of the total. Compensation of current officers, directors and key employees was $230k (4.6% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $17.1m against liabilities of $922k, net assets of $16.2m. It reported 38 employees.