Jung Tao School Of Classical Chinese Medicine
EIN: 562057124 · Sugar Grove, NC · NTEE: B40
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $863K |
| Net Assets | $1.5M |
Is Jung Tao School Of Classical Chinese Medicine Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Jung Tao School Of Classical Chinese Medicine
Jung Tao School Of Classical Chinese Medicine (EIN: 562057124) is a nonprofit organization based in Sugar Grove, NC, classified under NTEE code B40. The organization reported total revenue of $1.1M and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jung Tao School Of Classical Chinese Medicine's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Jung Tao School Of Classical Chinese Medicine is a mid-size nonprofit that has been operating for 27 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 5.6%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $863K |
| Surplus / Deficit | +$309K |
| Total Assets | $1.8M |
| Total Liabilities | $278K |
| Net Assets | $1.5M |
| Operating Margin | 26.4% |
| Debt-to-Asset Ratio | 15.4% |
| Months of Reserves | 25.1 months |
Financial Health Grade: A
In 2022, Jung Tao School Of Classical Chinese Medicine reported a surplus of $309K with revenue exceeding expenses, holds 25.1 months of operating reserves (strong position), has a debt-to-asset ratio of 15.4% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2022), Jung Tao School Of Classical Chinese Medicine's revenue has grown at a compound annual growth rate (CAGR) of 5.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -2.6% | -8.1% | +37.8% |
| 2021 | +9.5% | +15.5% | +30.1% |
| 2020 | +25.5% | -4.2% | +37.9% |
| 2019 | +9.1% | +9.1% | +3.6% |
| 2018 | +1.5% | +2.1% | +2.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Jung Tao School Of Classical Chinese Medicine has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Jung Tao School Of Classical Chinese Medicine with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $309K, with revenue exceeding expenses.
- Debt-to-asset ratio: 15.4%.
Frequently Asked Questions about Jung Tao School Of Classical Chinese Medicine
Is Jung Tao School Of Classical Chinese Medicine a legitimate charity?
Based on AI analysis of IRS 990 filings, Jung Tao School Of Classical Chinese Medicine (EIN: 562057124) insufficient data. 0 red flags identified, 0 strengths noted.
How does Jung Tao School Of Classical Chinese Medicine spend its money?
Detailed spending breakdown data is not yet available for Jung Tao School Of Classical Chinese Medicine. Check back for updated IRS 990 analysis.
Are donations to Jung Tao School Of Classical Chinese Medicine tax-deductible?
Jung Tao School Of Classical Chinese Medicine is registered as a tax-exempt nonprofit (EIN: 562057124). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Jung Tao School Of Classical Chinese Medicine located?
Jung Tao School Of Classical Chinese Medicine is headquartered in Sugar Grove, North Carolina and files with the IRS under EIN 562057124. It is classified under NTEE code B40.
How many years of IRS 990 filings does Jung Tao School Of Classical Chinese Medicine have?
Jung Tao School Of Classical Chinese Medicine has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.1M in total revenue.
Filing History
IRS 990 filing history for Jung Tao School Of Classical Chinese Medicine showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Jung Tao School Of Classical Chinese Medicine's revenue has grown by 82.3%, moving from $643K to $1.2M. Total assets increased by 829.2% over the same period, from $194K to $1.8M. Total functional expenses rose by 58.4%, from $545K to $863K. In its most recent filing year (2022), Jung Tao School Of Classical Chinese Medicine reported a surplus of $309K, with revenue exceeding expenses. The organization holds $278K in liabilities against $1.8M in assets (debt-to-asset ratio: 15.4%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $1.2M | $863K | $1.8M | $278K | — | View 990 |
| 2021 | $1.2M | $939K | $1.3M | $93K | — | View 990 |
| 2020 | $1.1M | $813K | $1.0M | $55K | — | — |
| 2019 | $875K | $849K | $729K | $65K | — | View 990 |
| 2018 | $802K | $778K | $704K | $66K | — | View 990 |
| 2017 | $790K | $762K | $685K | $72K | — | View 990 |
| 2016 | $753K | $705K | $647K | $61K | — | View 990 |
| 2015 | $769K | $652K | $588K | $50K | — | View 990 |
| 2014 | $754K | $641K | $480K | $60K | — | View 990 |
| 2013 | $755K | $661K | $355K | $47K | — | View 990 |
| 2012 | $690K | $651K | $262K | $49K | — | View 990 |
| 2011 | $643K | $545K | $194K | $19K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $1.2M, expenses of $863K, and assets of $1.8M (revenue -2.6% year-over-year).
- 2021: Revenue of $1.2M, expenses of $939K, and assets of $1.3M (revenue +9.5% year-over-year).
- 2020: Revenue of $1.1M, expenses of $813K, and assets of $1.0M (revenue +25.5% year-over-year).
- 2019: Revenue of $875K, expenses of $849K, and assets of $729K (revenue +9.1% year-over-year).
- 2018: Revenue of $802K, expenses of $778K, and assets of $704K (revenue +1.5% year-over-year).
- 2017: Revenue of $790K, expenses of $762K, and assets of $685K (revenue +4.9% year-over-year).
- 2016: Revenue of $753K, expenses of $705K, and assets of $647K (revenue -2.1% year-over-year).
- 2015: Revenue of $769K, expenses of $652K, and assets of $588K (revenue +2.0% year-over-year).
- 2014: Revenue of $754K, expenses of $641K, and assets of $480K (revenue -0.1% year-over-year).
- 2013: Revenue of $755K, expenses of $661K, and assets of $355K (revenue +9.4% year-over-year).
- 2012: Revenue of $690K, expenses of $651K, and assets of $262K (revenue +7.3% year-over-year).
- 2011: Revenue of $643K, expenses of $545K, and assets of $194K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Jung Tao School Of Classical Chinese Medicine:
Data Sources and Methodology
This transparency report for Jung Tao School Of Classical Chinese Medicine is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.