Chinese Consolidated Benevolent Association

Analysis

Chinese Consolidated Benevolent Association is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 1977, 49 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 Consolidated Benevolent Association reported income of $952k and spending of $871k, spending 91% of its income. Across the 4 years on record, from June 2019 to June 2023, income fell from $1.1m to $952k (-11%), an average of -3.7% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chinese Consolidated Benevolent Association sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within IL. Charities of a similar size with the same main cause include Fairfield County Council on Aging 321 Bypass ($952k), American Pacific Financial Services Corp Apfsc ($952k) and Child Care Council of Buchanan County ($952k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.4% and program service revenue 93% of the total. Other salaries and wages came to $345k. At year end it held assets of $6.1m against liabilities of $1.6m, net assets of $4.5m. It reported 17 employees.