Chinese Community Center Inc

Analysis

Chinese Community Center Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1957, 69 years ago. 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 February 2023, Chinese Community Center Inc reported income of $801k and spending of $765k, spending 96% of its income. Across the 5 years on record, from February 2019 to February 2023, income fell from $971k to $801k (-18%), an average of -4.7% a year. The sharpest change came in the year to February 2022, when income rose by 58%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chinese Community Center Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Webster Towers Inc ($801k), Global Network Foundation Inc Society of Intl Business Fellows ($801k) and Johnson County Livestock & Agricultural Assoc ($801k).

On its Form 990 for the period ending February 2023, revenue came from contributions and grants 15% and program service revenue 84% of the total. Other salaries and wages came to $155k. At year end it held assets of $3.4m against liabilities of $178k, net assets of $3.2m. It reported 8 employees.