New York Chinese School

Analysis

New York Chinese School is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1966, 60 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 February 2024, New York Chinese School reported income of $519k and spending of $586k, spending 113% of what it took in. Across the 6 years on record, from February 2019 to February 2024, income fell from $1.0m to $519k (-49%), an average of -12% a year. The sharpest change came in the year to February 2021, when income dropped by 70%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New York Chinese School sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include West Carroll Elderly Housing Inc ($518k), Maryland Assoc for Environmental & Outdoor Education Inc ($519k) and Trumbull Mobile Meals ($518k).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 14% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $92k (16% of expenses). Other salaries and wages came to $231k. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m. It reported 68 employees.