Kwong Kow Chinese School

Analysis

Kwong Kow Chinese School is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in December 1981, 45 years ago. 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 August 2023, Kwong Kow Chinese School reported income of $1.5m and spending of $1.2m, leaving 23% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $862k to $1.5m (+78%), an average of +16% a year. The sharpest change came in the year to August 2022, when income rose by 75%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kwong Kow Chinese School sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 82nd percentile within MA. Charities of a similar size with the same main cause include Ihsan Foundation for West Africa ($1.5m), Hope Academy ($1.5m) and Center for Civic and Public Policy Improvement ($1.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 44% and program service revenue 52% of the total. Other salaries and wages came to $690k. At year end it held assets of $5.8m against liabilities of $166k, net assets of $5.6m. It reported 43 employees.