Chinese American Association of Minnesota

Analysis

Chinese American Association of Minnesota is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in September 1968, 58 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, Chinese American Association of Minnesota reported income of $518k and spending of $405k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $473k to $518k (+9.5%), an average of +2.3% a year. The sharpest change came in the year to December 2023, when income rose by 342%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chinese American Association of Minnesota sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within MN. Charities of a similar size with the same main cause include United Sherpa Association Inc ($518k), Metropolis Ensemble Inc ($518k) and Institute for Public Accuracy ($518k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 39% of the total. Other salaries and wages came to $124k. At year end it held assets of $1.6m against liabilities of $42k, net assets of $1.5m. It reported 4 employees.