Western Mandarin Immersion Charter School

Analysis

Western Mandarin Immersion Charter School is a registered charity in United States, based in Irvine, 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Western Mandarin Immersion Charter School reported income of $3.6m and spending of $4.6m, spending 128% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $4.6m to $3.6m (-21%), an average of -21% a year. The sharpest change came in the year to June 2023, when income dropped by 21%. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Western Mandarin Immersion Charter School sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include State University College at Brockport Foundation Inc ($3.6m), Bloomington Project School Inc ($3.6m) and Ridgeview Charter School Inc ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $185k (4.0% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $701k against liabilities of $1.5m, net assets of -$824k. It reported 103 employees.