Foundation for Chinese Performing Arts Inc

Analysis

Foundation for Chinese Performing Arts Inc is a registered charity in United States, based in Lincoln, MA. It received its IRS tax-exemption ruling in November 1989, 37 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 December 2023, Foundation for Chinese Performing Arts Inc reported income of $284k and spending of $289k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $230k to $284k (+23%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation for Chinese Performing Arts Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within MA. Charities of a similar size with the same main cause include Murrieta Valley Girls Softball Association ($284k), McAdoo Fire Company Inc Schuylkill County ($284k) and Weatherford Area Senior Housing Incorporated ($284k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $473 against liabilities of $0, net assets of $473.