Oakland Chinatown Improvement Council

Analysis

Oakland Chinatown Improvement Council is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Oakland Chinatown Improvement Council reported income of $1.3m and spending of $1.3m, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $1.2m to $1.3m (+8.0%), an average of +8.0% a year. Over the whole period it spent 76% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Oakland Chinatown Improvement Council sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Prodigy Ventures Inc ($1.3m), Central District Management Assocation ($1.3m) and Family Matters Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.0% and program service revenue 94% of the total. Other salaries and wages came to $209k. At year end it held assets of $535k against liabilities of $12k, net assets of $524k.