Ray Chinese School

Analysis

Ray Chinese School is a registered charity in United States, based in Naperville, IL. It received its IRS tax-exemption ruling in May 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ray Chinese School reported income of $592k and spending of $604k, spending 102% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $686k to $592k (-14%), an average of -4.8% a year. 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, Ray Chinese School sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within IL. Charities of a similar size with the same main cause include Houston Montessori Center ($592k), Champaign Urbana Area Electrical Joint Apprenticeship & TRNG Fund ($592k) and Main Street Montessori Association ($592k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.1% and program service revenue 96% of the total. Other salaries and wages came to $224k. At year end it held assets of $939k against liabilities of $168k, net assets of $771k. It reported 29 employees.