Thousand Oaks Chinese School

Analysis

Thousand Oaks Chinese School is a registered charity in United States, based in Thousand Oaks, CA. It received its IRS tax-exemption ruling in April 1997, 29 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 publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Thousand Oaks Chinese School reported income of $372k and spending of $317k, spending 85% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $369k to $372k (+0.8%), an average of +0.2% a year. The sharpest change came in the year to June 2021, when income dropped by 52%. 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, Thousand Oaks Chinese School sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include K Space Contemporary ($372k), Higher Works Collaborative ($372k) and Eugene Opera ($372k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 14% and program service revenue 75% of the total. Other salaries and wages came to $74k. At year end it held assets of $1.4m against liabilities of $151k, net assets of $1.2m. It reported 46 employees.