Chinese American Service League Inc

Analysis

Chinese American Service League Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 1979, 47 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Chinese American Service League Inc reported income of $31.6m and spending of $23.0m, leaving 27% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.4m to $31.6m (+135%), an average of +24% a year. The sharpest change came in the year to June 2023, when income rose by 56%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Chinese American Service League Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IL. Charities of a similar size with the same main cause include Alamo Navajo School Board Inc ($31.4m), Mdi Commercial Services ($31.7m) and Rural Alaska Community Action Program Inc ($31.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $450k (2.0% of expenses). Other salaries and wages came to $15.0m. At year end it held assets of $22.4m against liabilities of $2.6m, net assets of $19.8m. It reported 698 employees.