Traditional Chinese Medicine World Foundation Inc

Analysis

Traditional Chinese Medicine World Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1995, 31 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 June 2024, Traditional Chinese Medicine World Foundation Inc reported income of $244k and spending of $268k, spending 110% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $230k to $244k (+6.4%), an average of +1.6% a year. The sharpest change came in the year to June 2023, when income dropped by 21%. Over the whole period it spent 109% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Traditional Chinese Medicine World Foundation Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include Way Homes Inc ($244k), Brain Bowl Events Inc ($245k) and Americas Choice Community of Red Oak ($244k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 16% and program service revenue 84% of the total. Other salaries and wages came to $52k. At year end it held assets of $339k against liabilities of $4,815, net assets of $334k. It reported 1 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.