Chinese-American Friendship Assoc at Triangle Area North Carolina

Analysis

Chinese-American Friendship Assoc at Triangle Area North Carolina is a registered charity in United States, based in Cary, NC. It received its IRS tax-exemption ruling in July 2002, 24 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 December 2023, Chinese-American Friendship Assoc at Triangle Area North Carolina reported income of $195k and spending of $145k, leaving 26% of income unspent that year. Across the 3 years on record, from December 2020 to December 2023, income fell from $281k to $195k (-31%), an average of -17% a year. The sharpest change came in the year to December 2023, when income rose by 367%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chinese-American Friendship Assoc at Triangle Area North Carolina sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within NC. Charities of a similar size with the same main cause include Digs Chicago ($195k), California Music Center ($195k) and Fire Mountains Art Council ($195k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 75% of the total. At year end it held assets of $245k against liabilities of $0, net assets of $245k.