American Chinese Academy Inc

Analysis

American Chinese Academy Inc is a registered charity in United States, based in Bethesda, MD. It received its IRS tax-exemption ruling in March 2015, 11 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 publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, American Chinese Academy Inc reported income of $115k and spending of $104k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $10k to $115k (+1046%), an average of +1046% a year. The sharpest change came in the year to December 2023, when income rose by 1046%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American Chinese Academy Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 41st percentile within MD. Charities of a similar size with the same main cause include Cahokia Mounds Museum Society ($115k), Charles City Arts Council ($115k) and Omaha Film Festival ($115k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $27k against liabilities of $0, net assets of $27k.