Theresa Wang Chinese Culture Center Inc

Analysis

Theresa Wang Chinese Culture Center Inc is a registered charity in United States, based in Flushing, NY. It received its IRS tax-exemption ruling in January 2020, 6 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 private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Theresa Wang Chinese Culture Center Inc reported income of $205k and spending of $85k, leaving 58% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $54k to $205k (+280%), an average of +56% a year. The sharpest change came in the year to December 2022, when income rose by 1367%. Over the whole period it spent 2.9% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Theresa Wang Chinese Culture Center Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include North Gwinnett Arts Association Inc ($205k), Bisemi Foundation Inc ($205k) and International Foundation of American Historical Society of Ger ($205k).

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 $11.9m against liabilities of $0, net assets of $11.9m.