Organization of Chinese Americans Inc

Analysis

Organization of Chinese Americans Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in April 1975, 51 years ago. 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, Organization of Chinese Americans Inc reported income of $4.2m and spending of $2.1m, leaving 50% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $804k to $4.2m (+420%), an average of +39% a year. The sharpest change came in the year to December 2021, when income rose by 60%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Organization of Chinese Americans Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 78th percentile within DC. Charities of a similar size with the same main cause include Alabama 4h Club Foundation Inc ($4.2m), Millwood School ($4.2m) and New Mexico Activities Association ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 3.9% of the total. Compensation of current officers, directors and key employees was $116k (5.5% of expenses). Other salaries and wages came to $485k. At year end it held assets of $5.1m against liabilities of $202k, net assets of $4.9m. It reported 11 employees.