New York · Nonprofit
Welcome To Chinatown Inc
Welcome To Chinatown Inc (New York) receives grants from 19 organizations whose IRS filings report $1,391,860 to it, the largest being JPMORGAN CHASE FOUNDATION ($331,100). 7 of them have funded it in more than one year.
- Revenue FY2024
- $1.5M
- Funders on record
- 19
- Grants received
- $1.4M
- Net assets
- $196k
What Welcome To Chinatown Inc does
Mission
Welcome to Chinatown strengthens Chinatowns small business ecosystem through coaching, capital matchmaking, cultural integration, and thought leadership. We provide entrepreneurs with the tools, data, and community infrastructure needed to thrive while ensuring that Chinatowns cultural heritage remains central to its economic future.
As stated on its FY2024 Form 990.
Program
In 2024, Welcome to Chinatown (WtC) launched the newly renovated Small Business Innovation Hub at 115 Bowery-the neighborhoods first community space dedicated to entrepreneurial growth and cultural preservation. Through 50+ workshops and activations, WtC served 452 entrepreneurs through business coaching, succession planning, and digital readiness. WtCs public programming garnered 28K attendees, including through our tentpole Lunar New Year programming. As for summer 2024, WtC is one of 26 New York State Entrepreneurs Assistance Centers servicing Lower Manhattan small businesses with a special focus on AAPI small businesses and entrepreneurs more broadly. - In 2024, WtC continued its organizational evolution from pandemic response to long-term community development. Building on findings from its 2022 Chinatown Impact Study and the 2024 Succession Planning Framework developed with HR&A Advisors, WtC expanded its program infrastructure and internal systems to support measurable, lasting impact. - To meet the growing demand for programs and create lasting community infrastructure, WtC completed a major capital renovation of its Small Business Innovation Hub at 115 Bowery. This…
$1,236,830 spentof which $39,477 as grants$9,618 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $1,236,830.
The organization over time
Each line starts at 100 in 2023, so what you read is the shape rather than the size: 150 means half as much again as 2023, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $2.3M to $3.4M (+49%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2024 32%. Grants only. Government contracts and fees sit inside program revenue.
108% of Welcome To Chinatown Inc’s revenue is contributions — more reliant on donations than three-quarters of its peers (60% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 2 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Victoria Lee
Chief Executive Officer
Board chair
Jennifer Tam
Chairman
As listed on its FY2024 Form 990.
Who funds it, year by year
2022 → 2023: the base broadened from 1 funder to 4 funders, grant income rose $5k → $442k.
8 of 19 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 44% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of Welcome To Chinatown Inc’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
Welcome To Chinatown Inc has a broad base — no single funder exceeds 24% of grant income, and it takes 3 funders to reach half.
the vertical line marks half of all grant income — 3 funders to its left
67% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund Welcome To Chinatown Inc.
Largest funder’s share by year: 2022 100% · 2023 41% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
87% of Welcome To Chinatown Inc's grant income comes from New York funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $613k arriving through sponsors registered in 7 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
Welcome To Chinatown Inc has grown faster than three-quarters of the 4,206 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 4,206 community improvement nonprofits $1M–$10M, FY2024
Organizations like Welcome To Chinatown Inc
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In New York
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
75% of spending goes to programs.
Governance
Public support
0%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for Welcome To Chinatown Inc: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds Welcome To Chinatown Inc?
- Welcome To Chinatown Inc (New York) receives grants from 19 organizations whose IRS filings report $1,391,860 to it, the largest being JPMORGAN CHASE FOUNDATION ($331,100). 7 of them have funded it in more than one year.
- How many funders does Welcome To Chinatown Inc have?
- IRS filings report 19 organizations giving $1,391,860 in grants to Welcome To Chinatown Inc, 7 of which have funded it in more than one year.
- Who is the largest funder of Welcome To Chinatown Inc?
- JPMORGAN CHASE FOUNDATION is the largest funder on record, with $331,100 in grants. The full list of funders is on this page.
- How can an organization like Welcome To Chinatown Inc find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in New York. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Welcome To Chinatown →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2023–2024), and the filings of 19 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing