Chinatown Youth Initiatives

Analysis

Chinatown Youth Initiatives is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2005, 21 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2024, Chinatown Youth Initiatives reported income of $141k and spending of $65k, leaving 54% of income unspent that year. Across the 2 years on record, from August 2023 to August 2024, income grew from $70k to $141k (+101%), an average of +101% a year. The sharpest change came in the year to August 2024, when income rose by 101%. Over the whole period it spent 48% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chinatown Youth Initiatives sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within NY. Charities of a similar size with the same main cause include Old Shawnee Days Society ($141k), Scottsboro Jackson Heritage Center Association ($141k) and Rockaway Film Festival ($141k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 98% and program service revenue 1.7% of the total. At year end it held assets of $135k against liabilities of $0, net assets of $135k.