Huaxia Chinese School at Great Valley

Analysis

Huaxia Chinese School at Great Valley is a registered charity in United States, based in Malvern, PA. It received its IRS tax-exemption ruling in January 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Huaxia Chinese School at Great Valley reported income of $385k and spending of $333k, spending 86% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $414k to $385k (-7.1%), an average of -1.8% a year. The sharpest change came in the year to August 2023, when income rose by 20%. Over the whole period it spent 102% 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 Great Valley sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within PA. Charities of a similar size with the same main cause include Collierville High Pom Inc ($385k), Friends of Jowonio Inc ($385k) and Franklin Education Foundation ($385k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 1.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $11k (3.3% of expenses). At year end it held assets of $572k against liabilities of $319k, net assets of $254k. It reported 55 employees.