Tucson Chinese Association Inc

Analysis

Tucson Chinese Association Inc is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in September 1996, 30 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, Tucson Chinese Association Inc reported income of $534k and spending of $403k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $316k to $534k (+69%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 56%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tucson Chinese Association Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 68th percentile within AZ. Charities of a similar size with the same main cause include Hutchings Museum ($534k), The Center for Scientific Integrity Inc ($534k) and Rosenberg Railroad Museum Inc ($533k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 13% of the total. Other salaries and wages came to $77k. At year end it held assets of $704k against liabilities of $34k, net assets of $670k. It reported 45 employees.