Fenghua Academy

Analysis

Fenghua Academy is a registered charity in United States, based in Lake Zurich, IL. It received its IRS tax-exemption ruling in October 2007, 19 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 December 2023, Fenghua Academy reported income of $169k and spending of $171k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $125k to $169k (+35%), an average of +35% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fenghua Academy sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within IL. Charities of a similar size with the same main cause include Elite Education Learning Services Inc ($169k), Youth Boosters of Madisonville ($169k) and Blue Grass Elementary PTO ($169k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $188k against liabilities of $0, net assets of $188k.