Chaio Hsin Chinese Language School

Analysis

Chaio Hsin Chinese Language School is a registered charity in United States, based in Monterey Park, CA. It received its IRS tax-exemption ruling in April 1991, 35 years ago. 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, Chaio Hsin Chinese Language School reported income of $1.1m and spending of $1.1m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $817k to $1.1m (+33%), an average of +7.3% a year. The sharpest change came in the year to December 2022, when income rose by 57%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chaio Hsin Chinese Language School sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Leadership Kentucky Foundation Inc ($1.1m), Our Lady of Fatima Apartments Housing Dev Fund Company Inc ($1.1m) and Jackson Interfaith Nonprofit Housing Corporation ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $195k (18% of expenses). Other salaries and wages came to $411k. At year end it held assets of $452k against liabilities of $241k, net assets of $211k. It reported 39 employees.