Brooklyn Chinese American Association Inc
Brooklyn Chinese American Association Inc. shows consistent revenue growth and high spending, with a recent significant increase in liabilities and no reported officer compensation.
EIN: 113065859 · Brooklyn, NY · NTEE: P840 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $23.1M |
| Total Expenses | $20.1M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $21.2 |
| Net Assets | $15.6M |
| Transparency Score | 75/100 |
Is Brooklyn Chinese American Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Brooklyn Chinese American Association Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Brooklyn Chinese American Association Inc
Brooklyn Chinese American Association Inc (EIN: 113065859) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code P840. The organization reported total revenue of $23.1M and total assets of $27.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Brooklyn Chinese American Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Brooklyn Chinese American Association Inc is a large nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $21.2M |
| Total Expenses | $20.1M |
| Surplus / Deficit | +$1.1M |
| Total Assets | $28.5M |
| Total Liabilities | $12.9M |
| Net Assets | $15.6M |
| Operating Margin | 5.4% |
| Debt-to-Asset Ratio | 45.3% |
| Months of Reserves | 17.0 months |
Financial Health Grade: A
In 2023, Brooklyn Chinese American Association Inc reported a surplus of $1.1M with revenue exceeding expenses, holds 17.0 months of operating reserves (strong position), has a debt-to-asset ratio of 45.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Brooklyn Chinese American Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.4% | +8.4% | +54.4% |
| 2022 | +33.9% | +28.1% | +12.4% |
| 2021 | -15.9% | -9.1% | -5.1% |
| 2020 | +2.5% | +3.7% | +0.5% |
| 2019 | -0.1% | +3.2% | +3.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Brooklyn Chinese American Association Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Brooklyn Chinese American Association Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 45.3%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation across all available periods. This is unusual for an organization of this size ($21.2 million in revenue in 2023) and suggests either a fully volunteer leadership, or that executive compensation is reported under other expense categories, which could impact transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Brooklyn Chinese American Association Inc's IRS 990 filings:
- Consistent 0% reported officer compensation for a large organization, potentially obscuring executive pay.
- Significant increase in liabilities (from $3.8M to $12.9M) in the most recent fiscal year (2023) without clear explanation in the provided data.
Strengths
The following positive indicators were identified for Brooklyn Chinese American Association Inc:
- Consistent revenue growth over the past decade, indicating strong financial sustainability and donor/grantor confidence.
- High proportion of expenses relative to revenue, suggesting active deployment of funds towards its mission.
- Substantial growth in assets, from $12.2M in 2014 to $28.5M in 2023, increasing organizational capacity.
Frequently Asked Questions about Brooklyn Chinese American Association Inc
Is Brooklyn Chinese American Association Inc a legitimate charity?
Brooklyn Chinese American Association Inc (EIN: 113065859) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $23.1M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Brooklyn Chinese American Association Inc spend its money?
Brooklyn Chinese American Association Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Brooklyn Chinese American Association Inc tax-deductible?
Brooklyn Chinese American Association Inc is registered as a tax-exempt nonprofit (EIN: 113065859). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Brooklyn Chinese American Association Inc CEO make?
Brooklyn Chinese American Association Inc's highest-compensated officer earns $21.2 annually. The organization reported $23.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Brooklyn Chinese American Association Inc's spending goes to programs?
Brooklyn Chinese American Association Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Brooklyn Chinese American Association Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Brooklyn Chinese American Association Inc is above average for NTEE category P840 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Brooklyn Chinese American Association Inc located?
Brooklyn Chinese American Association Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 113065859. It is classified under NTEE code P840.
How many years of IRS 990 filings does Brooklyn Chinese American Association Inc have?
Brooklyn Chinese American Association Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $23.1M in total revenue.
Why is officer compensation consistently reported as 0% despite the organization's significant size and revenue?
The consistent reporting of 0% officer compensation for an organization with over $20 million in annual revenue is highly unusual and could indicate that executive leadership is entirely volunteer-based, or that compensation is categorized differently within the financial statements, which would require further clarification for full transparency.
What caused the significant increase in liabilities from $3.8 million in 2022 to $12.9 million in 2023?
The sharp rise in liabilities in the 2023 fiscal period suggests potential new debt, capital expenditures, or other financial obligations. Understanding the nature of these liabilities is crucial for assessing the organization's current financial risk and future stability.
How does the organization ensure efficient use of funds given its high expense-to-revenue ratio?
With expenses consistently close to or exceeding revenue (e.g., $20.1M expenses vs. $21.2M revenue in 2023), the organization demonstrates a high deployment of funds. Further detail on program efficiency metrics would clarify how these funds translate into mission impact.
Filing History
IRS 990 filing history for Brooklyn Chinese American Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Brooklyn Chinese American Association Inc's revenue has grown by 236.6%, moving from $6.3M to $21.2M. Total assets increased by 227.4% over the same period, from $8.7M to $28.5M. Total functional expenses rose by 295.1%, from $5.1M to $20.1M. In its most recent filing year (2023), Brooklyn Chinese American Association Inc reported a surplus of $1.1M, with revenue exceeding expenses. The organization holds $12.9M in liabilities against $28.5M in assets (debt-to-asset ratio: 45.3%), resulting in net assets of $15.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $21.2M | $20.1M | $28.5M | $12.9M | — | — |
| 2022 | $18.3M | $18.5M | $18.5M | $3.8M | — | View 990 |
| 2021 | $13.6M | $14.5M | $16.4M | $1.5M | — | View 990 |
| 2020 | $16.2M | $15.9M | $17.3M | $1.5M | — | View 990 |
| 2019 | $15.8M | $15.4M | $17.2M | $1.7M | — | View 990 |
| 2018 | $15.8M | $14.9M | $16.6M | $1.5M | — | View 990 |
| 2017 | $15.7M | $16.3M | $16.3M | $2.2M | — | View 990 |
| 2016 | $14.0M | $13.1M | $16.5M | $1.9M | — | View 990 |
| 2015 | $14.8M | $12.4M | $14.9M | $1.2M | — | View 990 |
| 2014 | $11.9M | $10.9M | $12.2M | $960K | — | View 990 |
| 2013 | $8.8M | $7.8M | $11.1M | $917K | — | View 990 |
| 2012 | $5.9M | $4.6M | $10.4M | $1.3M | — | View 990 |
| 2011 | $6.3M | $5.1M | $8.7M | $920K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $21.2M, expenses of $20.1M, and assets of $28.5M (revenue +16.4% year-over-year).
- 2022: Revenue of $18.3M, expenses of $18.5M, and assets of $18.5M (revenue +33.9% year-over-year).
- 2021: Revenue of $13.6M, expenses of $14.5M, and assets of $16.4M (revenue -15.9% year-over-year).
- 2020: Revenue of $16.2M, expenses of $15.9M, and assets of $17.3M (revenue +2.5% year-over-year).
- 2019: Revenue of $15.8M, expenses of $15.4M, and assets of $17.2M (revenue -0.1% year-over-year).
- 2018: Revenue of $15.8M, expenses of $14.9M, and assets of $16.6M (revenue +0.5% year-over-year).
- 2017: Revenue of $15.7M, expenses of $16.3M, and assets of $16.3M (revenue +12.1% year-over-year).
- 2016: Revenue of $14.0M, expenses of $13.1M, and assets of $16.5M (revenue -5.2% year-over-year).
- 2015: Revenue of $14.8M, expenses of $12.4M, and assets of $14.9M (revenue +24.0% year-over-year).
- 2014: Revenue of $11.9M, expenses of $10.9M, and assets of $12.2M (revenue +35.3% year-over-year).
- 2013: Revenue of $8.8M, expenses of $7.8M, and assets of $11.1M (revenue +48.8% year-over-year).
- 2012: Revenue of $5.9M, expenses of $4.6M, and assets of $10.4M (revenue -6.0% year-over-year).
- 2011: Revenue of $6.3M, expenses of $5.1M, and assets of $8.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Brooklyn Chinese American Association Inc:
Data Sources and Methodology
This transparency report for Brooklyn Chinese American Association Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.