China Aid Association Inc

Analysis

China Aid Association Inc is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in June 2003, 23 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, China Aid Association Inc reported income of $2.6m and spending of $2.2m, spending 83% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $1.6m to $2.6m (+64%), an average of +10% a year. The sharpest change came in the year to December 2019, when income rose by 32%. Over the whole period it spent 87% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, China Aid Association Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include United Jewish Community of the Virginia Peninsula Inc ($2.6m), To Every Tribe ($2.6m) and Arlington Catholic Herald Inc ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $191k (8.7% of expenses). Other salaries and wages came to $327k. At year end it held assets of $2.8m against liabilities of $64k, net assets of $2.7m. It reported 10 employees.