Chinatown Manpower Project Inc

Analysis

Chinatown Manpower Project Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1976, 50 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Chinatown Manpower Project Inc reported income of $3.5m and spending of $3.0m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.2m to $3.5m (+57%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 35%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Chinatown Manpower Project Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Institute for Entrepreneurial Leadership Inc ($3.5m), Boilermakers Local 92 Training Fund ($3.5m) and Tulsas Future Inc ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 13% of the total. Other salaries and wages came to $1.9m. At year end it held assets of $5.4m against liabilities of $1.1m, net assets of $4.3m. It reported 164 employees.