First Chinese School

Analysis

First Chinese School is a registered charity in United States, based in Arcadia, CA. It received its IRS tax-exemption ruling in June 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, First Chinese School reported income of $170k and spending of $202k, spending 119% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $164k to $170k (+3.8%), an average of +3.8% a year. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, First Chinese School sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 52nd percentile within CA. Charities of a similar size with the same main cause include New Vic Theatricals Inc ($170k), Bible for Today Inc ($170k) and 100 Club of Rhode Island Inc ($170k).

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 $16k against liabilities of $2,629, net assets of $14k.