The Li-Ming Chinese Academy

Analysis

The Li-Ming Chinese Academy is a registered charity in United States, based in Gaithersburg, MD. It received its IRS tax-exemption ruling in September 1995, 31 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 June 2023, The Li-Ming Chinese Academy reported income of $96k and spending of $141k, spending 147% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $162k to $96k (-41%), an average of -41% a year. The sharpest change came in the year to June 2023, when income dropped by 41%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Li-Ming Chinese Academy sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 37th percentile within MD. Charities of a similar size with the same main cause include Canyon View Elementary Foundation ($96k), Think Trees New Mexico ($96k) and Mary Riley Styles Public Library Foundation Inc ($96k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 0.4% and program service revenue 97% of the total. At year end it held assets of $265k against liabilities of $87k, net assets of $178k.