Chinese American Medical Society

Analysis

Chinese American Medical Society is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1982, 44 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Chinese American Medical Society reported income of $599k and spending of $752k, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $898k to $599k (-33%), an average of -9.6% a year. The sharpest change came in the year to December 2022, when income rose by 81%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Chinese American Medical Society sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Hearcare Connection Inc ($599k), Aaa Crisis Pregnancy Center ($599k) and Refuge Recovery World Services Inc ($599k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. Other salaries and wages came to $133k. At year end it held assets of $2.8m against liabilities of $327k, net assets of $2.5m. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.