Cambridge Center for Chinese Culture Inc

Analysis

Cambridge Center for Chinese Culture Inc is a registered charity in United States, based in Arlington, MA. It received its IRS tax-exemption ruling in November 1992, 34 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 December 2023, Cambridge Center for Chinese Culture Inc reported income of $512k and spending of $473k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $512k (-53%), an average of -17% a year. The sharpest change came in the year to December 2020, when income dropped by 63%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cambridge Center for Chinese Culture Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within MA. Charities of a similar size with the same main cause include Fitchburg Access Television Inc ($512k), Grouseland Foundation Inc ($512k) and Childrens Museum of Cleveland Holdings Foundation ($512k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Other salaries and wages came to $229k. At year end it held assets of $626k against liabilities of $0, net assets of $626k. It reported 9 employees.