Zumix Inc

Analysis

Zumix Inc is a registered charity in United States, based in East Boston, MA. It received its IRS tax-exemption ruling in July 1992, 34 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Zumix Inc reported income of $3.0m and spending of $2.2m, leaving 27% of income unspent that year. Across the 5 years on record, from March 2020 to March 2024, income grew from $1.3m to $3.0m (+126%), an average of +23% a year. The sharpest change came in the year to March 2022, when income rose by 111%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Zumix Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MA. Charities of a similar size with the same main cause include China Digital Times Inc ($3.0m), Holocaust Documentation & Education Center Inc ($3.0m) and Miami Valley Public Media Inc ($3.0m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 88% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $126k (5.7% of expenses). Other salaries and wages came to $975k. At year end it held assets of $6.0m against liabilities of $221k, net assets of $5.7m. It reported 19 employees.