Raleigh Academy of Chinese Language

Analysis

Raleigh Academy of Chinese Language is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in November 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 December 2023, Raleigh Academy of Chinese Language reported income of $192k and spending of $170k, spending 89% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $247k to $192k (-22%), an average of -4.9% a year. The sharpest change came in the year to December 2020, when income dropped by 39%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Raleigh Academy of Chinese Language sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within NC. Charities of a similar size with the same main cause include Justin-Siena High School Foundation Inc ($192k), Highland Park Cheerleading Booster Club Inc ($192k) and Second Century Foundation ($192k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 86% of the total. At year end it held assets of $446k against liabilities of $0, net assets of $446k.