Chinese Family for Christ

Analysis

Chinese Family for Christ is a registered charity in United States, based in Hockley, TX. It received its IRS tax-exemption ruling in April 2010, 16 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Chinese Family for Christ reported income of $226k and spending of $385k, spending 170% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $328k to $226k (-31%), an average of -12% a year. The sharpest change came in the year to December 2020, when income rose by 147%. Over the whole period it spent 75% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Chinese Family for Christ sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 60th percentile within TX. Charities of a similar size with the same main cause include Greater New Braunfels Economic Development Foundation ($226k), Wisconsin Coalition of Independent Living Centers Inc ($226k) and Offutt Officers Spouses Club Charitable Association Inc ($226k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 43% of the total. Compensation of current officers, directors and key employees was $81k (21% of expenses). Other salaries and wages came to $134k. At year end it held assets of $7.7m against liabilities of $15k, net assets of $7.7m. It reported 5 employees.