Peninsula Chinese Business Association Inc

Analysis

Peninsula Chinese Business Association Inc is a registered charity in United States, based in Millbrae, CA. It received its IRS tax-exemption ruling in March 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Peninsula Chinese Business Association Inc reported income of $107k and spending of $73k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $235k to $107k (-55%), an average of -18% a year. The sharpest change came in the year to December 2022, when income dropped by 32%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Peninsula Chinese Business Association Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 41st percentile within CA. Charities of a similar size with the same main cause include Power on Heels Fund Inc ($107k), Crown Az Academy and R & D Inc ($107k) and Muscle Shoals Education Foundation Inc ($107k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. At year end it held assets of $61k against liabilities of $0, net assets of $61k.