Chinese Center on Long Island Inc

Analysis

Chinese Center on Long Island Inc is a registered charity in United States, based in W Hempstead, NY. It received its IRS tax-exemption ruling in August 1963, 63 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Chinese Center on Long Island Inc reported income of $147k and spending of $135k, spending 92% of its income. Across the 2 years on record, from March 2022 to March 2023, income grew from $98k to $147k (+51%), an average of +51% a year. The sharpest change came in the year to March 2023, when income rose by 51%. Over the whole period it spent 95% 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 Center on Long Island Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within NY. Charities of a similar size with the same main cause include Katonah Classic Stage Inc ($147k), Oklahoma Forest Heritage Center Inc ($147k) and Puget Sound Antique Tractor and Machinery Association ($147k).

On its Form 990-EZ for the period ending March 2023, revenue came from contributions and grants 51% and program service revenue 47% of the total. At year end it held assets of $468k against liabilities of $0, net assets of $468k.