Hua Hsing Chinese Schools Inc

Analysis

Hua Hsing Chinese Schools Inc is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in July 1990, 36 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, Hua Hsing Chinese Schools Inc reported income of $489k and spending of $462k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $708k to $489k (-31%), an average of -8.8% a year. The sharpest change came in the year to December 2020, when income dropped by 34%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hua Hsing Chinese Schools Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 74th percentile within TX. Charities of a similar size with the same main cause include Arts Critic Atl Inc ($489k), Veterans Advocacy Foundation Inc ($489k) and Big Brothers Big Sisters of the Capital Region Inc ($489k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 92% of the total. Other salaries and wages came to $140k. At year end it held assets of $1.6m against liabilities of $7,205, net assets of $1.6m. It reported 101 employees.