Chinese Performing Arts of America

Analysis

Chinese Performing Arts of America is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in February 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Chinese Performing Arts of America reported income of $441k and spending of $503k, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $607k to $441k (-27%), an average of -7.7% a year. The sharpest change came in the year to June 2022, when income rose by 109%. Over the whole period it spent 101% 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 Performing Arts of America sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Pump House Music Works ($441k), Center for American Culture and Ideas ($441k) and Fullerton Museum Center Association ($441k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 7.5% of the total. Compensation of current officers, directors and key employees was $72k (14% of expenses). At year end it held assets of $227k against liabilities of $158k, net assets of $69k. It reported 3 employees.