US Pan Asian Amer CMBR of Commerce FDN Midwest Regional Chapter Inc

Analysis

US Pan Asian Amer CMBR of Commerce FDN Midwest Regional Chapter Inc is a registered charity in United States, based in Oak Park, IL. It received its IRS tax-exemption ruling in December 2024, 2 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 2022, US Pan Asian Amer CMBR of Commerce FDN Midwest Regional Chapter Inc reported income of $123k and spending of $124k, spending 101% of its income. Across the 5 years on record, from December 2018 to December 2022, income grew from $18k to $123k (+567%), an average of +61% a year. The sharpest change came in the year to December 2019, when income dropped by 100%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, US Pan Asian Amer CMBR of Commerce FDN Midwest Regional Chapter Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 43rd percentile within IL. Charities of a similar size with the same main cause include M a S Y Ministries ($123k), Partnership for Economic Alliance for Community Empowerment ($123k) and Main Street McMinnville Inc ($123k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $23k against liabilities of $0, net assets of $23k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.