Teo Chew Association of Greater Washington Inc

Analysis

Teo Chew Association of Greater Washington Inc is a registered charity in United States, based in Falls Church, VA. It received its IRS tax-exemption ruling in July 1998, 28 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, Teo Chew Association of Greater Washington Inc reported income of $86k and spending of $68k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $103k to $86k (-17%), an average of -4.5% a year. The sharpest change came in the year to December 2022, when income rose by 124%. Over the whole period it spent 43% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Teo Chew Association of Greater Washington Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 32nd percentile within VA. Charities of a similar size with the same main cause include Alliance Francaise de Las Vegas ($86k), MMC Dance Team Inc ($86k) and White Mountain Expressive Arts ($86k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 63% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.