Chinatown Community Development Center Inc

Analysis

Chinatown Community Development Center Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in March 1979, 47 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Chinatown Community Development Center Inc reported income of $26.8m and spending of $33.5m, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $22.0m to $26.8m (+22%), an average of +5.0% a year. The sharpest change came in the year to December 2021, when income rose by 77%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Chinatown Community Development Center Inc sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Apv Redevelopment Corporation ($26.7m), CTF Illinois ($26.8m) and Palmer House Inc ($26.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $540k (1.6% of expenses). Other salaries and wages came to $13.6m. At year end it held assets of $163.5m against liabilities of $130.7m, net assets of $32.8m. It reported 373 employees.