Online Hungarian School

Analysis

Online Hungarian School is a registered charity in United States, based in State Road, NC. It received its IRS tax-exemption ruling in September 2021, 5 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 publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Online Hungarian School reported income of $62k and spending of $60k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $67k to $62k (-7.4%), an average of -7.4% a year. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Online Hungarian School sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 22nd percentile within NC. Charities of a similar size with the same main cause include Cache Center for Art Culture & History-Exeter ($62k), Renew the Arts ($62k) and Badger History Group ($62k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $25k against liabilities of $0, net assets of $25k.