New York Chinese Cultural Center Inc

Analysis

New York Chinese Cultural Center Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1978, 48 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 (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, New York Chinese Cultural Center Inc reported income of $513k and spending of $571k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $481k to $513k (+6.7%), an average of +1.6% a year. The sharpest change came in the year to December 2021, when income dropped by 25%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New York Chinese Cultural Center Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Pittsburgh Center for Creative Reuse ($513k), Fore Augusta Foundation Inc ($513k) and Televisa Foundation Inc ($513k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 47% of the total. Other salaries and wages came to $148k. At year end it held assets of $396k against liabilities of $202k, net assets of $194k. It reported 2 employees.