Boston Chinatown Neighborhood Center Inc

Analysis

Boston Chinatown Neighborhood Center Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in August 1972, 54 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Boston Chinatown Neighborhood Center Inc reported income of $9.6m and spending of $7.3m, leaving 24% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.4m to $9.6m (+49%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 38%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Boston Chinatown Neighborhood Center Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include Hanul Family Alliance ($9.6m), California Family Life Center ($9.6m) and YMCA of Northwest Louisiana ($9.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 5.2% of the total. Compensation of current officers, directors and key employees was $316k (4.3% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $14.4m against liabilities of $1.2m, net assets of $13.2m. It reported 159 employees.