Chinatown Partnership Local Development Corporation

Analysis

Chinatown Partnership Local Development Corporation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 2005, 21 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Chinatown Partnership Local Development Corporation reported income of $120k and spending of $143k, spending 119% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $257k to $120k (-53%), an average of -17% a year. The sharpest change came in the year to June 2023, when income dropped by 64%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Chinatown Partnership Local Development Corporation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within NY. Charities of a similar size with the same main cause include Ashdown Community Foundation Inc ($120k), First Capitol Lions Club Foundation ($120k) and Of-By-For All Inc ($120k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $24k (17% of expenses). Other salaries and wages came to $21k. At year end it held assets of $574k against liabilities of $44k, net assets of $530k. It reported 7 employees.