The Li Ming Chinese Academy
EIN: 521920292 · Gaithersburg, MD · NTEE: B99Z
| Metric | Value |
|---|---|
| Total Revenue | $125K |
| Total Expenses | $141K |
| Net Assets | $178K |
Is The Li Ming Chinese Academy Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Li Ming Chinese Academy
The Li Ming Chinese Academy (EIN: 521920292) is a nonprofit organization based in Gaithersburg, MD, classified under NTEE code B99Z. The organization reported total revenue of $125K and total assets of $186K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Li Ming Chinese Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Li Ming Chinese Academy is a small nonprofit that has been operating for 31 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -4.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $96K |
| Total Expenses | $141K |
| Surplus / Deficit | $-44,959 |
| Total Assets | $265K |
| Total Liabilities | $87K |
| Net Assets | $178K |
| Operating Margin | -46.9% |
| Debt-to-Asset Ratio | 32.8% |
| Months of Reserves | 22.6 months |
Financial Health Grade: B
In 2023, The Li Ming Chinese Academy reported a deficit of $45K with expenses exceeding revenue, holds 22.6 months of operating reserves (strong position), has a debt-to-asset ratio of 32.8% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), The Li Ming Chinese Academy's revenue has declined at a compound annual growth rate (CAGR) of -4.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -40.7% | +12.2% | +16.9% |
| 2022 | +29.1% | +26.0% | -26.5% |
| 2021 | -33.5% | -38.6% | +37.3% |
| 2020 | -2.5% | -18.2% | +76.3% |
| 2019 | +4.3% | -0.7% | -4.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1995 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for The Li Ming Chinese Academy 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 The Li Ming Chinese Academy 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $45K, with expenses exceeding revenue.
- Debt-to-asset ratio: 32.8%.
Frequently Asked Questions about The Li Ming Chinese Academy
Is The Li Ming Chinese Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, The Li Ming Chinese Academy (EIN: 521920292) insufficient data. 0 red flags identified, 0 strengths noted.
How does The Li Ming Chinese Academy spend its money?
Detailed spending breakdown data is not yet available for The Li Ming Chinese Academy. Check back for updated IRS 990 analysis.
Are donations to The Li Ming Chinese Academy tax-deductible?
The Li Ming Chinese Academy is registered as a tax-exempt nonprofit (EIN: 521920292). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Li Ming Chinese Academy located?
The Li Ming Chinese Academy is headquartered in Gaithersburg, Maryland and files with the IRS under EIN 521920292. It is classified under NTEE code B99Z.
How many years of IRS 990 filings does The Li Ming Chinese Academy have?
The Li Ming Chinese Academy 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 $125K in total revenue.
Filing History
IRS 990 filing history for The Li Ming Chinese Academy showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), The Li Ming Chinese Academy's revenue has declined by 40.6%, moving from $161K to $96K. Total assets increased by 385% over the same period, from $55K to $265K. Total functional expenses fell by 14.9%, from $165K to $141K. In its most recent filing year (2023), The Li Ming Chinese Academy reported a deficit of $45K, with expenses exceeding revenue. The organization holds $87K in liabilities against $265K in assets (debt-to-asset ratio: 32.8%), resulting in net assets of $178K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $96K | $141K | $265K | $87K | — | View 990 |
| 2022 | $162K | $126K | $227K | $4K | — | View 990 |
| 2021 | $125K | $100K | $309K | $121K | — | — |
| 2020 | $188K | $162K | $225K | $71K | — | View 990 |
| 2019 | $193K | $199K | $127K | $0 | — | View 990 |
| 2018 | $185K | $200K | $133K | $101 | — | View 990 |
| 2017 | $192K | $186K | $148K | $0 | — | View 990 |
| 2016 | $189K | $164K | $142K | $0 | — | View 990 |
| 2015 | $182K | $160K | $117K | $200 | — | View 990 |
| 2014 | $167K | $153K | $95K | $200 | — | View 990 |
| 2013 | $175K | $150K | $80K | $0 | — | View 990 |
| 2012 | $161K | $165K | $55K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $96K, expenses of $141K, and assets of $265K (revenue -40.7% year-over-year).
- 2022: Revenue of $162K, expenses of $126K, and assets of $227K (revenue +29.1% year-over-year).
- 2021: Revenue of $125K, expenses of $100K, and assets of $309K (revenue -33.5% year-over-year).
- 2020: Revenue of $188K, expenses of $162K, and assets of $225K (revenue -2.5% year-over-year).
- 2019: Revenue of $193K, expenses of $199K, and assets of $127K (revenue +4.3% year-over-year).
- 2018: Revenue of $185K, expenses of $200K, and assets of $133K (revenue -3.8% year-over-year).
- 2017: Revenue of $192K, expenses of $186K, and assets of $148K (revenue +1.8% year-over-year).
- 2016: Revenue of $189K, expenses of $164K, and assets of $142K (revenue +3.7% year-over-year).
- 2015: Revenue of $182K, expenses of $160K, and assets of $117K (revenue +8.8% year-over-year).
- 2014: Revenue of $167K, expenses of $153K, and assets of $95K (revenue -4.4% year-over-year).
- 2013: Revenue of $175K, expenses of $150K, and assets of $80K (revenue +8.6% year-over-year).
- 2012: Revenue of $161K, expenses of $165K, and assets of $55K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Li Ming Chinese Academy:
Data Sources and Methodology
This transparency report for The Li Ming Chinese Academy 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.