Chinatown Health Clinic Foundation Inc

Analysis

Chinatown Health Clinic Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 1995, 31 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Chinatown Health Clinic Foundation Inc reported income of $3.7m and spending of $2.2m, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.0m to $3.7m (-37%), an average of -11% a year. The sharpest change came in the year to December 2020, when income dropped by 48%. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Chinatown Health Clinic Foundation Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Greater Grand Island Community Foundation ($3.7m), Rainbow Sandals Foundation ($3.8m) and Crawford Heritage Community Foundation ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 59% of the total. At year end it held assets of $40.6m against liabilities of $14.7m, net assets of $25.9m.