Guanghua Chinese Association Inc

Analysis

Guanghua Chinese Association Inc is a registered charity in United States, based in Blue Bell, PA. It received its IRS tax-exemption ruling in October 2006, 20 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, Guanghua Chinese Association Inc reported income of $374k and spending of $356k, spending 95% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $528k to $374k (-29%), an average of -8.2% a year. The sharpest change came in the year to June 2022, when income rose by 37%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Guanghua Chinese Association Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within PA. Charities of a similar size with the same main cause include Energy Leadership Institute Inc ($374k), Firm Foundations Academy ($374k) and Platt Park Childrens Center ($374k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 9.7% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $47k (13% of expenses). Other salaries and wages came to $75k. At year end it held assets of $494k against liabilities of $14k, net assets of $480k. It reported 51 employees.