Chinese Mutual Aid Association Inc

Analysis

Chinese Mutual Aid Association Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 1981, 45 years ago. Its declared purposes cover human services, 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 2024, Chinese Mutual Aid Association Inc reported income of $14.8m and spending of $14.4m, spending 97% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $7.4m to $14.8m (+99%), an average of +15% a year. The sharpest change came in the year to June 2020, when income rose by 21%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chinese Mutual Aid Association Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IL. Charities of a similar size with the same main cause include Kingsbridge Heights Community Center Inc ($14.8m), National Captioning Institute Inc ($14.8m) and Progress Unlimited Inc ($14.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 21% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $337k (2.3% of expenses). Other salaries and wages came to $9.4m. At year end it held assets of $6.9m against liabilities of $1.4m, net assets of $5.5m. It reported 425 employees.