United Chinese Association of Brooklyn Inc

Analysis

United Chinese Association of Brooklyn Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in February 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, United Chinese Association of Brooklyn Inc reported income of $971k and spending of $789k, spending 81% of its income. Across the 5 years on record, from December 2019 to June 2023, income grew from $699k to $971k (+39%), an average of +8.6% a year. The sharpest change came in the year to June 2021, when income rose by 163%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, United Chinese Association of Brooklyn Inc 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 75th percentile within NY. Charities of a similar size with the same main cause include W4h Asheville ($971k), Fresh Start Outreach Ministries ($971k) and Partnership Douglas County Inc ($971k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $86k (11% of expenses). Other salaries and wages came to $287k. At year end it held assets of $1.8m against liabilities of $1.3m, net assets of $467k. It reported 19 employees.