South Coast Chinese Cultural Asso

Analysis

South Coast Chinese Cultural Asso is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in June 1979, 47 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, South Coast Chinese Cultural Asso reported income of $3.8m and spending of $3.9m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.8m to $3.8m (+39%), an average of +8.7% a year. The sharpest change came in the year to June 2020, when income rose by 171%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, South Coast Chinese Cultural Asso sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Tampa Theatre Inc ($3.8m), Van Cliburn Foundation Inc ($3.9m) and Syracuse Area Landmark Theatre ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 75% of the total. Other salaries and wages came to $2.0m. At year end it held assets of $14.9m against liabilities of $1.2m, net assets of $13.7m. It reported 86 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.