China Residencies Inc

Analysis

China Residencies Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 2014, 12 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 June 2023, China Residencies Inc reported income of $174k and spending of $232k, spending 133% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $127k to $174k (+37%), an average of +36% a year. The sharpest change came in the year to June 2023, when income rose by 37%. Over the whole period it spent 117% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, China Residencies Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within NY. Charities of a similar size with the same main cause include Main Street Players Inc ($174k), George Joseph and Susie Ezzell Atta Memorial Library Inc ($174k) and Chaffey Communities Cultural Center ($174k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.3% of the total. At year end it held assets of $55k against liabilities of $0, net assets of $55k.