Chinatown Museum Foundation

Analysis

Chinatown Museum Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 2003, 23 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Chinatown Museum Foundation reported income of $307k and spending of $440k, spending 143% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $303k to $307k (+1.3%), an average of +0.3% a year. The sharpest change came in the year to December 2022, when income rose by 411%. Over the whole period it spent 49% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chinatown Museum Foundation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 63rd percentile within IL. Charities of a similar size with the same main cause include Emis Colorful Future Foundation ($307k), Louisiana Discovery Museum Inc ($307k) and Bay Street Players Inc ($307k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 7.5% of the total. Other salaries and wages came to $212k. At year end it held assets of $4.7m against liabilities of $25k, net assets of $4.7m. It reported 11 employees.