Chinese Culture Association of Long Island Inc

Analysis

Chinese Culture Association of Long Island Inc is a registered charity in United States, based in Greenvale, NY. It received its IRS tax-exemption ruling in March 1992, 34 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 June 2024, Chinese Culture Association of Long Island Inc reported income of $223k and spending of $226k, spending 101% of its income. Across the 4 years on record, from June 2021 to June 2024, income grew from $90k to $223k (+147%), an average of +35% a year. The sharpest change came in the year to June 2023, when income rose by 161%. Over the whole period it spent 109% 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 Association of Long Island Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include Caballeros-The Gay Mens Chorus of Palm Springs ($223k), Brandywine Valley Friends of Old Time Music Inc ($223k) and Gustavo Dudamel Foundation Inc ($223k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 5.5% and program service revenue 88% of the total. Other salaries and wages came to $83k. At year end it held assets of $453k against liabilities of $207k, net assets of $246k. It reported 47 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.