Chinese Institute of Engineers New York Inc

Analysis

Chinese Institute of Engineers New York Inc is a registered charity in United States, based in Millwood, NY. It received its IRS tax-exemption ruling in March 1965, 61 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 Institute of Engineers New York Inc reported income of $131k and spending of $112k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $19k to $131k (+582%), an average of +582% a year. The sharpest change came in the year to December 2023, when income rose by 582%. Over the whole period it spent 101% 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 Institute of Engineers New York Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within NY. Charities of a similar size with the same main cause include Elite Naach Academy ($131k), Hola Cultura ($131k) and Mad River and NKP Railroad Society ($131k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 1.4% of the total. At year end it held assets of $430k against liabilities of $0, net assets of $430k.