Winchester School of Chinese Culture Inc

Analysis

Winchester School of Chinese Culture Inc is a registered charity in United States, based in Woburn, MA. It received its IRS tax-exemption ruling in May 2006, 20 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Winchester School of Chinese Culture Inc reported income of $497k and spending of $483k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $473k to $497k (+5.0%), an average of +1.2% a year. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Winchester School of Chinese Culture Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within MA. Charities of a similar size with the same main cause include New Way California Foundation ($496k), Local Reporting Lab Initiative Inc ($497k) and Moroccan Jewish Heritage Federation Inc ($496k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 78% of the total. Other salaries and wages came to $174k. At year end it held assets of $1.7m against liabilities of $1.1m, net assets of $571k. It reported 14 employees.