American Chinese School

Analysis

American Chinese School is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in November 2005, 21 years ago. 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, American Chinese School reported income of $470k and spending of $507k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $671k to $470k (-30%), an average of -8.5% a year. The sharpest change came in the year to December 2020, when income dropped by 40%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Chinese School sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within MD. Charities of a similar size with the same main cause include Tuscarawas Society for Children & Adults Inc ($470k), Wayne Community Schools Foundation ($470k) and Community Mainstreaming Associates III Inc ($470k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.3% and program service revenue 99% of the total. At year end it held assets of $306k against liabilities of $95k, net assets of $211k.