Chinese American Museum Foundation

Analysis

Chinese American Museum Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 2017, 9 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 American Museum Foundation reported income of $1.0m and spending of $1.3m, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $815k to $1.0m (+23%), an average of +5.4% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 112% 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 Museum Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 55th percentile within DC. Charities of a similar size with the same main cause include Maharishi Vedic Science and Technology Foundation ($1.0m), Editorial Council of Journal of Prosthetic Dentistry Inc ($1.0m) and Peterborough Players Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $217k (17% of expenses). Other salaries and wages came to $153k. It paid $124k in professional fundraising fees. At year end it held assets of $75k against liabilities of $48k, net assets of $27k. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.