Cary Chinese School

Analysis

Cary Chinese School is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in October 2003, 23 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Cary Chinese School reported income of $597k and spending of $639k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $542k to $597k (+10%), an average of +2.4% a year. The sharpest change came in the year to December 2022, when income rose by 63%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cary Chinese School sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within NC. Charities of a similar size with the same main cause include Colorado Sports Hall of Fame ($597k), Frontier Times Museum ($597k) and Science Fiction and Fantasy Writers of America Inc ($597k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $142k (22% of expenses). Other salaries and wages came to $231k. At year end it held assets of $692k against liabilities of $18k, net assets of $674k. It reported 117 employees.