Delaware Chinese American Association

Analysis

Delaware Chinese American Association is a registered charity in United States, based in Hockessin, DE. It received its IRS tax-exemption ruling in August 2000, 26 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Delaware Chinese American Association reported income of $159k and spending of $137k, spending 87% of its income. Across the 3 years on record, from July 2020 to July 2023, income fell from $261k to $159k (-39%), an average of -22% a year. The sharpest change came in the year to July 2022, when income dropped by 58%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Delaware Chinese American Association sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 43rd percentile within DE. Charities of a similar size with the same main cause include Tuscarawas Philharmonic Assn Inc ($159k), Northern California Childrens Chorus ($159k) and Honor Flight Michigan Legacy Inc ($159k).

On its Form 990-EZ for the period ending July 2023, revenue came from contributions and grants 22% and program service revenue 75% of the total. At year end it held assets of $446k against liabilities of $0, net assets of $446k.