Institute of Chinese Culture

Analysis

Institute of Chinese Culture is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in July 1972, 54 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Institute of Chinese Culture reported income of $958k and spending of $727k, leaving 24% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $334k to $958k (+187%), an average of +30% a year. The sharpest change came in the year to August 2022, when income rose by 53%. 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, Institute of Chinese Culture sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within TX. Charities of a similar size with the same main cause include Richard Ellis Radio ($958k), Delaware Celebration of Jazz Inc ($959k) and Weill Center Foundation Inc ($958k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 19% and program service revenue 80% of the total. Other salaries and wages came to $407k. At year end it held assets of $3.4m against liabilities of $51k, net assets of $3.3m. It reported 40 employees.