Hongfan Chinese Academy Inc

Analysis

Hongfan Chinese Academy Inc is a registered charity in United States, based in Marietta, GA. It received its IRS tax-exemption ruling in August 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 December 2023, Hongfan Chinese Academy Inc reported income of $87k and spending of $77k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $78k to $87k (+12%), an average of +12% a year. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hongfan Chinese Academy Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 34th percentile within GA. Charities of a similar size with the same main cause include Joseph Scholarship Foundation Inc ($87k), Association of Chief Academic Officers Inc ($87k) and Summerlake Elementary School PTO ($87k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. At year end it held assets of $18k against liabilities of $0, net assets of $18k.