HX Chinese School at Plainsboro

Analysis

HX Chinese School at Plainsboro is a registered charity in United States, based in Plainsboro, NJ. It received its IRS tax-exemption ruling in October 2010, 16 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, HX Chinese School at Plainsboro reported income of $358k and spending of $353k, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $432k to $358k (-17%), an average of -4.6% a year. The sharpest change came in the year to June 2021, when income rose by 38%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, HX Chinese School at Plainsboro 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 65th percentile, and in the 71st percentile within NJ. Charities of a similar size with the same main cause include Smoke Signals Community Services Inc ($358k), Alpine Education Foundation Inc ($358k) and Northeast Iowa Iornworkers Local 89 Joint Apprshp & TRNG Comm Trust ($358k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.1% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $8,000 (2.3% of expenses). Other salaries and wages came to $142k. At year end it held assets of $339k against liabilities of $196k, net assets of $142k. It reported 49 employees.