Huaxia Chinese School at Bridgewater a NJ Nonprofit Corp

Analysis

Huaxia Chinese School at Bridgewater a NJ Nonprofit Corp is a registered charity in United States, based in Bridgewater, NJ. It received its IRS tax-exemption ruling in July 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Huaxia Chinese School at Bridgewater a NJ Nonprofit Corp reported income of $184k and spending of $156k, spending 85% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $222k to $184k (-17%), an average of -3.6% a year. The sharpest change came in the year to June 2021, when income dropped by 35%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Huaxia Chinese School at Bridgewater a NJ Nonprofit Corp sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 59th percentile within NJ. Charities of a similar size with the same main cause include Uw Wausau Campus Foundation Inc ($184k), Granbury Isd Education Foundation ($184k) and Public School Funding Alliance ($184k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.9% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $36k (23% of expenses). Other salaries and wages came to $65k. At year end it held assets of $238k against liabilities of $7,167, net assets of $230k. It reported 38 employees.