Hope Chinese School Inc

Analysis

Hope Chinese School Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in August 1998, 28 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, Hope Chinese School Inc reported income of $1.2m and spending of $1.1m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.9m to $1.2m (-34%), an average of -9.9% a year. The sharpest change came in the year to December 2020, when income dropped by 36%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hope Chinese School Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MD. Charities of a similar size with the same main cause include Sumaj Foundation ($1.2m), Westport-Weston Cooperative Nursery School Inc ($1.2m) and Keystone Foundation ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 97% of the total. At year end it held assets of $2.5m against liabilities of $323k, net assets of $2.2m.