Huayuan Chinese Academy Inc

Analysis

Huayuan Chinese Academy Inc is a registered charity in United States, based in Germantown, MD. It received its IRS tax-exemption ruling in December 2012, 14 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Huayuan Chinese Academy Inc reported income of $250k and spending of $215k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $279k to $250k (-10%), an average of -2.7% a year. The sharpest change came in the year to December 2021, when income rose by 83%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Huayuan Chinese Academy Inc 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 58th percentile, and in the 58th percentile within MD. Charities of a similar size with the same main cause include Roaring Fork Center for Community Leadership ($250k), Columbia County Historical Society Inc ($250k) and Brightside Theatre Inc ($250k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $65k (30% of expenses). At year end it held assets of $165k against liabilities of $18k, net assets of $146k. It reported 3 employees.