Chafong Lee Foundation

Analysis

Chafong Lee Foundation is a registered charity in United States, based in Fresno, CA. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Chafong Lee Foundation reported income of $73k and spending of $63k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $76k to $73k (-4.6%), an average of -4.6% a year. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chafong Lee Foundation sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 31st percentile within CA. Charities of a similar size with the same main cause include Yorba Linda Middle School Instrumental Music Booster Club ($73k), Ehrbar Angels Foundation ($73k) and Pine Crest RHF Housing Inc ($73k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. At year end it held assets of $39k against liabilities of $47k, net assets of -$7,635.