Chao Shan Chamber of Commerce

Analysis

Chao Shan Chamber of Commerce is a registered charity in United States, based in S El Monte, CA. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Chao Shan Chamber of Commerce reported income of $120k and spending of $97k, spending 81% of its income. Across the 3 years on record, from December 2020 to December 2023, income fell from $279k to $120k (-57%), an average of -34% a year. The sharpest change came in the year to December 2022, when income dropped by 57%. Over the whole period it spent 84% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Chao Shan Chamber of Commerce sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 44th percentile within CA. Charities of a similar size with the same main cause include Multi-County Cancer Support Network ($120k), Jack Falvo III Foundation Ofschenectady Inc ($120k) and Thinkgenetic Foundation Inc ($120k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $80k against liabilities of $0, net assets of $80k.