Friends of the University of Hong Kong Ltd

Analysis

Friends of the University of Hong Kong Ltd is a registered charity in United States, based in Sunnyvale, CA. It received its IRS tax-exemption ruling in October 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Friends of the University of Hong Kong Ltd reported income of $81k and spending of $72k, spending 88% of its income. Across the 4 years on record, from September 2019 to September 2023, income fell from $480k to $81k (-83%), an average of -45% a year. The sharpest change came in the year to September 2022, when income rose by 181%. Over the whole period it spent 132% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of the University of Hong Kong Ltd sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 34th percentile within CA. Charities of a similar size with the same main cause include Classical Conversations of North Olmsted ($81k), Society of Nepalese in America ($81k) and Friends of Radhagopinath ($81k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $104k against liabilities of $4,625, net assets of $99k.