Chinese American Arts Council Incorporated

Analysis

Chinese American Arts Council Incorporated is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 1982, 44 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 June 2023, Chinese American Arts Council Incorporated reported income of $214k and spending of $195k, spending 91% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $248k to $214k (-14%), an average of -14% a year. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chinese American Arts Council Incorporated sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include Burbank Police Foundation ($214k), Pyramid Music Program ($214k) and Theatre Palisades ($214k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $39k (20% of expenses). At year end it held assets of $338k against liabilities of $354k, net assets of -$16k. It reported 1 employees.