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Academy of Chinese Culture and

RegisteredEIN 94-2881684Oakland, CAEducation and training
Income$2.3m2023-12
Spending$2.3msame year
Spent / received89%5-year average
Size in its cause83rd pctEducation and training
Exempt since1982School
Employees95latest return

Analysis

Academy of Chinese Culture and is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in December 1982, 44 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, Academy of Chinese Culture and reported income of $2.3m and spending of $2.3m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $2.3m (+7.5%), an average of +1.8% a year. The sharpest change came in the year to December 2021, when income rose by 49%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Academy of Chinese Culture and sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Longwood Medical Energy Collaborative Inc ($2.3m), Spruce Street Nursery School ($2.3m) and Miami Bayside Foundation Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $230k (9.9% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $2.1m against liabilities of $339k, net assets of $1.8m. It reported 95 employees.

Income and spending

$0$777k$1.6m$2.3m$3.1m2019 Income: $2,150,3632019 Spending: $1,863,07920192020 Income: $2,084,8082020 Spending: $1,743,07120202021 Income: $3,106,4032021 Spending: $2,037,90120212022 Income: $1,781,9592022 Spending: $2,166,31420222023 Income: $2,312,4662023 Spending: $2,326,9192023
IncomeSpending

Where the income comes from

  • Contributions & grants 20%
  • Program services 76%
  • Other 3.9%

Similar-sized charities, same cause

CharityLocationIncome
Longwood Medical Energy Collaborative IncBoston$2.3m
Spruce Street Nursery SchoolBoston$2.3m
Miami Bayside Foundation IncMiami$2.3m
Cottonwood School of Civics and SciencePortland$2.3m