Trung-Tam Van-Hoa Hong-Bang

Analysis

Trung-Tam Van-Hoa Hong-Bang is a registered charity in United States, based in Midway City, CA. It received its IRS tax-exemption ruling in March 1997, 29 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 August 2024, Trung-Tam Van-Hoa Hong-Bang reported income of $168k and spending of $169k, spending 101% of its income. Across the 3 years on record, from August 2022 to August 2024, income grew from $74k to $168k (+127%), an average of +50% a year. The sharpest change came in the year to August 2023, when income rose by 72%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Trung-Tam Van-Hoa Hong-Bang sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 52nd percentile within CA. Charities of a similar size with the same main cause include Fairlight Foundation ($168k), Carey Dads Club Inc ($168k) and Friends of Las Vegas Academy ($168k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 6.0% and program service revenue 94% of the total. At year end it held assets of $27k against liabilities of $0, net assets of $27k.