First Chinese Presbyterian Community Affairs Home Attendant C

Analysis

First Chinese Presbyterian Community Affairs Home Attendant C is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1990, 36 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, First Chinese Presbyterian Community Affairs Home Attendant C reported income of $38.1m and spending of $36.7m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $50.2m to $38.1m (-24%), an average of -6.7% a year. The sharpest change came in the year to June 2021, when income dropped by 16%. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, First Chinese Presbyterian Community Affairs Home Attendant C sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Harbor Homes Inc ($37.9m), Twin Lakes ($38.2m) and Community Options New York Inc ($37.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $242k (0.7% of expenses). Other salaries and wages came to $25.7m. At year end it held assets of $41.3m against liabilities of $12.4m, net assets of $28.8m. It reported 1,258 employees.