Chinese American Parents Association Inc

Analysis

Chinese American Parents Association Inc is a registered charity in United States, based in Flushing, NY. It received its IRS tax-exemption ruling in May 1992, 34 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, Chinese American Parents Association Inc reported income of $1.4m and spending of $1.4m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.4m (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2022, when income rose by 174%. Over the whole period it spent 122% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chinese American Parents Association Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Wisteria View Housing Corporation ($1.4m), Bay Area Center for Independent Living Inc ($1.4m) and Pitt Academy ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $259k (19% of expenses). Other salaries and wages came to $780k. At year end it held assets of $202k against liabilities of $55k, net assets of $148k. It reported 127 employees.