Modern Chinese School

Analysis

Modern Chinese School is a registered charity in United States, based in Oakland GDNS, NY. It received its IRS tax-exemption ruling in May 1997, 29 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, Modern Chinese School reported income of $867k and spending of $760k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $866k to $867k (+0.1%), an average of +0.0% a year. The sharpest change came in the year to December 2022, when income rose by 80%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Modern Chinese School sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Foundation for Progess and Education Inc ($867k), Menachem Mendel Academy ($867k) and Teach O Rea Preparatory Preschool ($867k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $167k (22% of expenses). Other salaries and wages came to $302k. At year end it held assets of $745k against liabilities of $56k, net assets of $688k. It reported 61 employees.