Brooklyn Chinese-American Association Inc

Analysis

Brooklyn Chinese-American Association Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in December 1991, 35 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 June 2023, Brooklyn Chinese-American Association Inc reported income of $21.2m and spending of $20.1m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $15.8m to $21.2m (+34%), an average of +7.7% a year. The sharpest change came in the year to June 2022, when income rose by 34%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Brooklyn Chinese-American Association Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include All Church Home for Children Foundation ($21.2m), Old Mans Home of Philadelphia ($21.3m) and Chicano Federation of San Diego County Inc ($21.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.9% of the total. Other salaries and wages came to $9.8m. At year end it held assets of $28.5m against liabilities of $12.9m, net assets of $15.6m. It reported 590 employees.