Chinese Chamber of Commerce Foundation

Analysis

Chinese Chamber of Commerce Foundation is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in December 1994, 32 years ago. 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 May 2024, Chinese Chamber of Commerce Foundation reported income of $131k and spending of $117k, spending 89% of its income. Across the 5 years on record, from May 2020 to May 2024, income fell from $152k to $131k (-14%), an average of -3.6% a year. The sharpest change came in the year to May 2022, when income rose by 78%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chinese Chamber of Commerce Foundation sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within HI. Charities of a similar size with the same main cause include Sea Side Home Inc ($131k), Identity Hoops International ($131k) and Virginia Congress of Parents and Teachers ($131k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 37% and program service revenue 35% of the total. At year end it held assets of $1.2m against liabilities of $359k, net assets of $850k.