Minkwon Center for Community Action Inc

Analysis

Minkwon Center for Community Action Inc is a registered charity in United States, based in Flushing, NY. It received its IRS tax-exemption ruling in July 1988, 38 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, Minkwon Center for Community Action Inc reported income of $2.8m and spending of $2.6m, spending 95% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $1.5m to $2.8m (+84%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 92%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Minkwon Center for Community Action Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Holden Village ($2.8m), Family Connection of South Carolina Inc ($2.8m) and Hope Community Center Inc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $84k (3.2% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $4.3m against liabilities of $1.3m, net assets of $3.0m. It reported 31 employees.