Chao Chiu Association Inc

Analysis

Chao Chiu Association Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2016, 10 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, Chao Chiu Association Inc reported income of $125k and spending of $113k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $155k to $125k (-20%), an average of -5.4% a year. The sharpest change came in the year to December 2022, when income rose by 83%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chao Chiu Association Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within NY. Charities of a similar size with the same main cause include Captain Avery Museum Inc ($125k), Tampa Firefighters Museum Inc ($125k) and East End African American Museum and Center for Excellence ($125k).

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 $578k against liabilities of $0, net assets of $578k.