Wah Mei School

Analysis

Wah Mei School is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in May 1974, 52 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 June 2023, Wah Mei School reported income of $8.0m and spending of $5.4m, leaving 33% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $8.0m (+369%), an average of +47% a year. The sharpest change came in the year to June 2023, when income rose by 101%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wah Mei School 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 94th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Holy Spirit Retirement Home Inc ($8.0m), St Michaels School and Nursery Inc ($8.1m) and YWCA Nashville & Middle Tennessee ($8.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $139k (2.6% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $11.5m against liabilities of $5.1m, net assets of $6.4m. It reported 96 employees.