Chong Wa Education Society

Analysis

Chong Wa Education Society is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in November 1973, 53 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 December 2023, Chong Wa Education Society reported income of $78k and spending of $102k, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $173k to $78k (-55%), an average of -18% a year. The sharpest change came in the year to December 2023, when income rose by 172%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chong Wa Education Society sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 25th percentile within WA. Charities of a similar size with the same main cause include Foggy Bottom Association ($78k), Thunderbird Aquatic Club ($78k) and Tanveer Foundation Inc ($78k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 27% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.