Chinese Methodist Center Corporation

Analysis

Chinese Methodist Center Corporation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 1987, 39 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 December 2023, Chinese Methodist Center Corporation reported income of $290k and spending of $336k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $353k to $290k (-18%), an average of -4.8% a year. The sharpest change came in the year to December 2021, when income rose by 99%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chinese Methodist Center Corporation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within NY. Charities of a similar size with the same main cause include Cornerstone Policy Research ($290k), Teresa McCormick Center ($290k) and Asset Building Network ($290k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $59k (17% of expenses). Other salaries and wages came to $172k. At year end it held assets of $319k against liabilities of $39k, net assets of $280k. It reported 29 employees.