Teo-Chew Association of Greater Philadelphia

Analysis

Teo-Chew Association of Greater Philadelphia is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in June 2003, 23 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Teo-Chew Association of Greater Philadelphia reported income of $181k and spending of $104k, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $128k to $181k (+42%), an average of +9.1% a year. The sharpest change came in the year to December 2023, when income rose by 704%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Teo-Chew Association of Greater Philadelphia sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within PA. Charities of a similar size with the same main cause include The Korean American Federation of Orange County ($181k), Building a Local Economy ($181k) and Orphan & Widows Association ($181k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 79% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.