Chinese Staff and Workers Association Inc

Analysis

Chinese Staff and Workers Association Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1987, 39 years ago. 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, Chinese Staff and Workers Association Inc reported income of $490k and spending of $442k, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $519k to $490k (-5.6%), an average of -1.4% a year. The sharpest change came in the year to June 2020, when income dropped by 22%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chinese Staff and Workers Association Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Sugar Hill-Montford Cove Volunteer Fire Department Inc ($490k), Indian Dispute Resolution Services Inc ($490k) and Dr S E Thompson Scholarship Fund ($490k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% of the total. Compensation of current officers, directors and key employees was $88k (20% of expenses). Other salaries and wages came to $166k. At year end it held assets of $3.4m against liabilities of $175k, net assets of $3.3m. It reported 8 employees.