Yinghua Academy

Analysis

Yinghua Academy is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in May 2006, 20 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 June 2023, Yinghua Academy reported income of $10.7m and spending of $10.3m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.5m to $10.7m (+13%), an average of +3.1% a year. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Yinghua Academy sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MN. Charities of a similar size with the same main cause include Legacy Traditional School-North Chandler ($10.7m), Montessori Association of New York ($10.7m) and Uc Academy International Inc ($10.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $218k (2.1% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $6.4m against liabilities of $8.2m, net assets of -$1.8m. It reported 142 employees.