Huaxia Chinese Academy of Greater New York

Analysis

Huaxia Chinese Academy of Greater New York is a registered charity in United States, based in Purchase, NY. It received its IRS tax-exemption ruling in August 2014, 12 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 July 2022, Huaxia Chinese Academy of Greater New York reported income of $401k and spending of $345k, spending 86% of its income. Across the 4 years on record, from July 2019 to July 2022, income fell from $688k to $401k (-42%), an average of -16% a year. The sharpest change came in the year to July 2021, when income dropped by 43%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Huaxia Chinese Academy of Greater New York sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Cocoplum Nature School Inc ($401k), Conroe Isd Education Foundation ($401k) and Southern West Virginia Community College Foundation ($401k).

On its Form 990 for the period ending July 2022, revenue came from contributions and grants 3.0% and program service revenue 97% of the total. Other salaries and wages came to $155k. At year end it held assets of $1.2m against liabilities of $329k, net assets of $888k. It reported 60 employees.