Potomac Chinese School Inc

Analysis

Potomac Chinese School Inc is a registered charity in United States, based in Bethesda, MD. It received its IRS tax-exemption ruling in February 1980, 46 years ago. 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 June 2023, Potomac Chinese School Inc reported income of $82k and spending of $90k, spending 109% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $64k to $82k (+29%), an average of +30% a year. The sharpest change came in the year to June 2023, when income rose by 29%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Potomac Chinese School Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 33rd percentile within MD. Charities of a similar size with the same main cause include Savanna Food Pantry ($82k), Waynesboro Community Concert Assoc ($82k) and Las Vegas Roundup Inc ($82k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 6.2% and program service revenue 94% of the total. At year end it held assets of $70k against liabilities of $0, net assets of $70k.