Torrance Chinese School

Analysis

Torrance Chinese School is a registered charity in United States, based in Torrance, CA. It received its IRS tax-exemption ruling in August 1990, 36 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 June 2024, Torrance Chinese School reported income of $159k and spending of $169k, spending 106% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income fell from $169k to $159k (-5.7%), an average of -2.9% a year. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Torrance Chinese School sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 51st percentile within CA. Charities of a similar size with the same main cause include American Federation of Astrologers Inc ($159k), Pier One Theatre Inc ($159k) and Joel Lane Museum House Inc ($159k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 15% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $22k (13% of expenses). Other salaries and wages came to $35k. At year end it held assets of $568k against liabilities of $168k, net assets of $401k. It reported 24 employees.