Chinese American Cultural Association Inc

Analysis

Chinese American Cultural Association Inc is a registered charity in United States, based in Edison, NJ. It received its IRS tax-exemption ruling in February 1981, 45 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Chinese American Cultural Association Inc reported income of $339k and spending of $313k, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $486k to $339k (-30%), an average of -8.6% a year. The sharpest change came in the year to June 2022, when income rose by 62%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chinese American Cultural Association Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 70th percentile within NJ. Charities of a similar size with the same main cause include St Johns County Center for the Arts Inc ($339k), Wilmington Ballet Academy of the Dance Inc ($339k) and Teada Productions ($338k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.0% and program service revenue 84% of the total. Other salaries and wages came to $112k. At year end it held assets of $959k against liabilities of $140k, net assets of $819k. It reported 82 employees.