Chinese Cultural Foundation Inc

Analysis

Chinese Cultural Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 2003, 23 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, Chinese Cultural Foundation Inc reported income of $224k and spending of $208k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $37k to $224k (+510%), an average of +510% a year. The sharpest change came in the year to December 2023, when income rose by 510%. 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 Cultural Foundation Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include Yara Arts Group Inc ($224k), Texas Bicycle Coalition Education Fund ($225k) and Foundation for South Orange Public Library ($224k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $40k against liabilities of $97k, net assets of -$57k.