Tongyan Chinese School Corp

Analysis

Tongyan Chinese School Corp is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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 February 2024, Tongyan Chinese School Corp reported income of $99k and spending of $105k, spending 105% of what it took in. Across the 5 years on record, from February 2020 to February 2024, income fell from $270k to $99k (-63%), an average of -22% a year. The sharpest change came in the year to February 2024, when income rose by 83%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tongyan Chinese School Corp sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 44th percentile within NJ. Charities of a similar size with the same main cause include Tiger Nation ($99k), Kendall Madison Foundation ($99k) and Lions of Elburn Charities Inc ($99k).

On its Form 990 for the period ending February 2024, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $51k (49% of expenses). At year end it held assets of $164k against liabilities of $0, net assets of $164k. It reported 2 employees.