Atlanta Contemporary Chinese Academy Corporation

Analysis

Atlanta Contemporary Chinese Academy Corporation is a registered charity in United States, based in Alpharetta, GA. It received its IRS tax-exemption ruling in March 1996, 30 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 December 2023, Atlanta Contemporary Chinese Academy Corporation reported income of $647k and spending of $407k, leaving 37% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $564k to $647k (+15%), an average of +2.8% a year. The sharpest change came in the year to December 2023, when income rose by 51%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Atlanta Contemporary Chinese Academy Corporation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within GA. Charities of a similar size with the same main cause include Family Counseling Center of Central Georgia Inc ($647k), Open Door Libraries ($647k) and Rhodestown Volunteer Fire Department Inc ($647k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 92% of the total. At year end it held assets of $1.5m against liabilities of $133k, net assets of $1.3m.