Chung Wah Academy of New England Inc

Analysis

Chung Wah Academy of New England Inc is a registered charity in United States, based in West Newton, MA. It received its IRS tax-exemption ruling in March 2009, 17 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 December 2023, Chung Wah Academy of New England Inc reported income of $191k and spending of $132k, leaving 31% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income fell from $304k to $191k (-37%), an average of -8.9% a year. The sharpest change came in the year to December 2022, when income rose by 793%. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chung Wah Academy of New England Inc 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 53rd percentile, and in the 57th percentile within MA. Charities of a similar size with the same main cause include Northwest Rankin High School Band Boosters ($191k), Unionville Marching Band Boosters ($191k) and Glenwood Landing School Community Association ($191k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 54% of the total. Other salaries and wages came to $92k. At year end it held assets of $105k against liabilities of $1,604, net assets of $104k. It reported 19 employees.