South Bay Chinese Culture Assoc

Analysis

South Bay Chinese Culture Assoc is a registered charity in United States, based in PLS VRDS PNSL, CA. It received its IRS tax-exemption ruling in July 1982, 44 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 church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, South Bay Chinese Culture Assoc reported income of $70k and spending of $122k, spending 175% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $110k to $70k (-36%), an average of -14% a year. The sharpest change came in the year to June 2023, when income dropped by 31%. Over the whole period it spent 104% 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 Bay Chinese Culture Assoc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 30th percentile within CA. Charities of a similar size with the same main cause include Narrative Research Group Inc ($70k), Philadelphia Vietnam Veterans Memorial Advisory Fund ($70k) and Friends of John H Johnson Museum ($70k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $53k. At year end it held assets of $966k against liabilities of $31k, net assets of $935k. It reported 17 employees.