Word of Grace Chinese School

Analysis

Word of Grace Chinese School is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in August 2012, 14 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 December 2023, Word of Grace Chinese School reported income of $118k and spending of $103k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $87k to $118k (+35%), an average of +35% a year. The sharpest change came in the year to December 2023, when income rose by 35%. 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, Word of Grace Chinese School sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 43rd percentile within CA. Charities of a similar size with the same main cause include Insurance Council of Texas Educational Foundation ($118k), Jefferson County Farmers Federation Foundation ($118k) and Chartiers Houston Community Library Assn ($118k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 97% of the total. At year end it held assets of $375k against liabilities of $36k, net assets of $339k.