Sun Ray Chinese School Inc

Analysis

Sun Ray Chinese School Inc is a registered charity in United States, based in Carrollton, TX. It received its IRS tax-exemption ruling in October 1988, 38 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, Sun Ray Chinese School Inc reported income of $144k and spending of $233k, spending 162% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $561k to $144k (-74%), an average of -29% a year. The sharpest change came in the year to December 2021, when income dropped by 50%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sun Ray Chinese School Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 50th percentile within TX. Charities of a similar size with the same main cause include Lutheran Social Services of Central Ohio Grovewood II Housing Inc ($144k), Kiwanis International Cape Girardeau Irrevocable Charitable T ($144k) and Michigan American Legion Wilwin Lodge ($144k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.3% and program service revenue 93% of the total. Other salaries and wages came to $87k. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m. It reported 14 employees.

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.