Chinese Culture Foundation of San Francisco

Analysis

Chinese Culture Foundation of San Francisco is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in April 1969, 57 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, Chinese Culture Foundation of San Francisco reported income of $7.0m and spending of $1.7m, leaving 76% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $7.0m (+600%), an average of +63% a year. The sharpest change came in the year to December 2023, when income rose by 207%. Over the whole period it spent 51% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chinese Culture Foundation of San Francisco sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Remnant Publications Inc ($7.0m), National Performance Network Inc ($7.0m) and Friends of NC State Museum of Natural Sciences ($7.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $152k (9.1% of expenses). Other salaries and wages came to $340k. At year end it held assets of $13.2m against liabilities of $311k, net assets of $12.9m. It reported 9 employees.