The Chinese Consolidated Benevolent Association of Washington DC

Analysis

The Chinese Consolidated Benevolent Association of Washington DC is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in November 1997, 29 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 December 2023, The Chinese Consolidated Benevolent Association of Washington DC reported income of $560k and spending of $483k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $164k to $560k (+241%), an average of +36% a year. The sharpest change came in the year to December 2020, when income rose by 322%. Over the whole period it spent 31% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Chinese Consolidated Benevolent Association of Washington DC sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 45th percentile within DC. Charities of a similar size with the same main cause include Cmcarts Inc ($559k), Indiana Military Museum Inc ($560k) and Jazz Club of Sarasota Inc ($558k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 66% of the total. At year end it held assets of $5.2m against liabilities of $1.8m, net assets of $3.4m.