Huaxia Chinese School at Bergen

Analysis

Huaxia Chinese School at Bergen is a registered charity in United States, based in Paramus, NJ. It received its IRS tax-exemption ruling in March 2009, 17 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, Huaxia Chinese School at Bergen reported income of $341k and spending of $304k, spending 89% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $178k to $341k (+91%), an average of +38% a year. The sharpest change came in the year to June 2022, when income rose by 66%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Huaxia Chinese School at Bergen sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 70th percentile within NJ. Charities of a similar size with the same main cause include Learning Forward Education Center ($341k), Lambeth House Foundation ($341k) and Read Early and Daily R E a D ($341k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.4% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $51k (17% of expenses). Other salaries and wages came to $108k. At year end it held assets of $327k against liabilities of $165k, net assets of $162k. It reported 58 employees.