Hip Wah School

Analysis

Hip Wah School is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in May 1985, 41 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hip Wah School reported income of $194k and spending of $186k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $166k to $194k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hip Wah School sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 55th percentile within CA. Charities of a similar size with the same main cause include Great River Honor Flight ($194k), Great Adventure Ministries ($194k) and Society for the Advancement of Material & Process Engineers ($194k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 90% of the total. At year end it held assets of $186k against liabilities of $1, net assets of $186k.