Newton Cantonese School Inc

Analysis

Newton Cantonese School Inc is a registered charity in United States, based in Brighton, MA. It received its IRS tax-exemption ruling in April 1987, 39 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Newton Cantonese School Inc reported income of $116k and spending of $81k, leaving 30% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $83k to $116k (+40%), an average of +40% a year. The sharpest change came in the year to June 2024, when income rose by 40%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Newton Cantonese School Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 47th percentile within MA. Charities of a similar size with the same main cause include Wilkinson Community Event Center ($116k), Las Vegas Mens Chorus ($116k) and Professional Arts Consortium Inc ($116k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 3.5% and program service revenue 87% of the total. At year end it held assets of $284k against liabilities of $44k, net assets of $240k.