CHINESE YOUTH CLUB INC
Mission Statement
OUR MISSION The Washington Chinese Youth Club, Inc. of the Greater Washington DC Area (CYC) is an organization that provides opportunities for its members to be productive individuals in the local community. Their emphasis is on fostering youth development through the active participation of members in the different CYC Programs (Athletics, Community, Cultural, Education). CYC attempts to build the character of youth in the community to positively impact their personal and professional lives. CYC believes that character building results from teamwork and good sportsmanship, while instilling in them positive values such as integrity, respect, and volunteerism. The CYC program gives senior members the opportunity to work with junior members and help them uncover their cultural identity, true passions, and unique talents.
Financial Overview — FY 2023
Compared with Peers
FY 2023| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
87.9% | 87.2% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
0.4% | 5.6% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
11.7% | 0.0% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
3.3 mo | 11.7 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
1.0% | 0.0% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
66.7% | 99.6% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
118.9% | 0.6% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
51.6% | 3.0% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
15.4% | 8.6% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $117K | $99K | $27K | 87.9% | 0 |
| 2022 | $54K | $66K | $29K | 97.4% | 0 |
| 2021 | $23K | $34K | $35K | 96.5% | 0 |
| 2020 | $21K | $18K | $51K | 85.0% | 0 |
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