Chinese Business Association of New York Inc

Analysis

Chinese Business Association of New York Inc is a registered charity in United States, based in Fresh Meadows, NY. It received its IRS tax-exemption ruling in March 2016, 10 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 April 2024, Chinese Business Association of New York Inc reported income of $247k and spending of $17k, leaving 93% of income unspent that year. Across the 3 years on record, from April 2020 to April 2024, income grew from $138k to $247k (+79%), an average of +34% a year. The sharpest change came in the year to April 2024, when income rose by 9179%. Over the whole period it spent 49% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chinese Business Association of New York Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include Blue Ridge Pride Center Inc ($247k), Amarillo Area Mental Health Consumers ($247k) and Friends in Action ($247k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $423k against liabilities of $0, net assets of $423k.