Greater Memphis United Chinese Association

Analysis

Greater Memphis United Chinese Association is a registered charity in United States, based in Germantown, TN. It received its IRS tax-exemption ruling in July 2023, 3 years ago. Its declared purposes cover arts, culture and humanities, 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, Greater Memphis United Chinese Association reported income of $200k and spending of $238k, spending 119% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $224k to $200k (-11%), an average of -3.8% a year. The sharpest change came in the year to December 2022, when income rose by 353%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Greater Memphis United Chinese Association sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within TN. Charities of a similar size with the same main cause include Educational Access Inc ($200k), Artsbridge Inc ($200k) and Line Upon Line Percussion ($200k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 5.6% and program service revenue 92% of the total. At year end it held assets of $244k against liabilities of $0, net assets of $244k.