Newstar Chinese School

Analysis

Newstar Chinese School is a registered charity in United States, based in Davis, CA. It received its IRS tax-exemption ruling in May 2002, 24 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 August 2024, Newstar Chinese School reported income of $77k and spending of $78k, spending 101% of its income. Across the 3 years on record, from August 2022 to August 2024, income grew from $46k to $77k (+65%), an average of +29% a year. The sharpest change came in the year to August 2023, when income rose by 51%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Newstar Chinese School sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 32nd percentile within CA. Charities of a similar size with the same main cause include Sumter Historic Preservation Society ($77k), Florida Elementary Music Educators Association Inc ($77k) and Zavala Hispanic Cultural Initiative ($77k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 3.6% of the total. At year end it held assets of $101k against liabilities of $43k, net assets of $58k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.