Jung Tao School of Classical Chinese Medicine

Analysis

Jung Tao School of Classical Chinese Medicine is a registered charity in United States, based in Sugar Grove, NC. It received its IRS tax-exemption ruling in December 1999, 27 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 2022, Jung Tao School of Classical Chinese Medicine reported income of $1.2m and spending of $863k, leaving 26% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $875k to $1.2m (+34%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 26%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Jung Tao School of Classical Chinese Medicine sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within NC. Charities of a similar size with the same main cause include Einstein School Inc ($1.2m), Serious Fun After School Inc ($1.2m) and Sociedad Interamericana de Prensa Inc ($1.2m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 8.0% and program service revenue 92% of the total. Other salaries and wages came to $572k. At year end it held assets of $1.8m against liabilities of $278k, net assets of $1.5m. It reported 32 employees.