Carmei Hair International Inc

Analysis

Carmei Hair International Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 December 2023, Carmei Hair International Inc reported income of $884k and spending of $385k, leaving 56% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $441k to $884k (+100%), an average of +19% a year. The sharpest change came in the year to December 2022, when income rose by 48%. Over the whole period it spent 82% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Carmei Hair International Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Global Medical Training ($884k), Sikh Dharma Education International ($885k) and Archangel Michael Coptic Care Co ($883k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $817k against liabilities of $608k, net assets of $209k.