Seattle Chinese Association

Analysis

Seattle Chinese Association is a registered charity in United States, based in Bellevue, WA. It received its IRS tax-exemption ruling in December 2018, 8 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 December 2023, Seattle Chinese Association reported income of $234k and spending of $174k, leaving 25% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $72k to $234k (+226%), an average of +80% a year. The sharpest change came in the year to December 2022, when income rose by 84%. Over the whole period it spent 75% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Seattle Chinese Association sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within WA. Charities of a similar size with the same main cause include City Lights & Company ($234k), Morgantown Theatre Company ($234k) and Historic Alberta House ($234k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 71% of the total. At year end it held assets of $186k against liabilities of $432, net assets of $186k.