Shoong Family Chinese Cultural Center

Analysis

Shoong Family Chinese Cultural Center is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in January 1950, 76 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Shoong Family Chinese Cultural Center reported income of $665k and spending of $721k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $710k to $665k (-6.4%), an average of -1.6% a year. The sharpest change came in the year to December 2022, when income rose by 41%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Shoong Family Chinese Cultural Center sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include Seminary Ridge Historic Preservat Ion Foundation ($665k), John Burroughs High School Vocal Music Association ($665k) and Buffalo Suzuki Strings Inc ($665k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.1% and program service revenue 91% of the total. Other salaries and wages came to $489k. At year end it held assets of $1.1m against liabilities of $252k, net assets of $829k. It reported 34 employees.