Morris Chinese Academy a Njnonprofit Corporation

Analysis

Morris Chinese Academy a Njnonprofit Corporation is a registered charity in United States, based in Parsippany, NJ. It received its IRS tax-exemption ruling in July 2007, 19 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 July 2023, Morris Chinese Academy a Njnonprofit Corporation reported income of $211k and spending of $229k, spending 109% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $316k to $211k (-33%), an average of -9.7% a year. The sharpest change came in the year to July 2021, when income dropped by 33%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Morris Chinese Academy a Njnonprofit Corporation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 62nd percentile within NJ. Charities of a similar size with the same main cause include Lakecities Ballet Theatre ($211k), Dialogue Foundation ($211k) and Denver Municipal Band ($211k).

On its Form 990 for the period ending July 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $82k (36% of expenses). Other salaries and wages came to $47k. At year end it held assets of $182k against liabilities of $154k, net assets of $28k. It reported 22 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.