Washington Chinatown Development Company Inc

Analysis

Washington Chinatown Development Company Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in April 1980, 46 years ago. 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, Washington Chinatown Development Company Inc reported income of $405k and spending of $354k, spending 87% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $834k to $405k (-51%), an average of -14% a year. The sharpest change came in the year to December 2021, when income rose by 2572%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Washington Chinatown Development Company Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 40th percentile within DC. Charities of a similar size with the same main cause include Palm Beach County Golf Association Inc ($405k), San Jose Police Chaplaincy ($405k) and Kat Vet Spay Neuter & Rescue ($405k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% of the total. At year end it held assets of $616k against liabilities of $0, net assets of $616k.