Flushing Chinese Business Association Inc

Analysis

Flushing Chinese Business Association Inc is a registered charity in United States, based in Flushing, NY. It received its IRS tax-exemption ruling in November 1989, 37 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 September 2023, Flushing Chinese Business Association Inc reported income of $245k and spending of $236k, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $285k to $245k (-14%), an average of -3.7% a year. The sharpest change came in the year to September 2022, when income rose by 115%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Flushing Chinese Business Association Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include Horseheads Housing Development Fund Company Inc ($245k), Center for Compassionate Leadership Inc ($245k) and Cherokee County Rescue Service Inc ($245k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 36% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $45k (19% of expenses). At year end it held assets of $71k against liabilities of $1,783, net assets of $70k. It reported 1 employees.