Confucius Chinese Language School of Walnut & Diamond Bar

Analysis

Confucius Chinese Language School of Walnut & Diamond Bar is a registered charity in United States, based in Walnut, CA. It received its IRS tax-exemption ruling in September 1994, 32 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, Confucius Chinese Language School of Walnut & Diamond Bar reported income of $961k and spending of $673k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $606k to $961k (+59%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 139%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Confucius Chinese Language School of Walnut & Diamond Bar 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 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Psi Child Centers ($961k), Jericho Project Housing Development Fund Corporation ($961k) and Iredell County Rescue Squad Inc ($961k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $22k (3.3% of expenses). Other salaries and wages came to $436k. At year end it held assets of $1.0m against liabilities of $38k, net assets of $968k. It reported 45 employees.