Yu Ming Charter School

Analysis

Yu Ming Charter School is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in April 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Yu Ming Charter School reported income of $14.3m and spending of $12.4m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.5m to $14.3m (+119%), an average of +22% a year. The sharpest change came in the year to June 2023, when income rose by 39%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Yu Ming Charter School sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Ofl-Baldwin Park Inc ($14.3m), Legacy Traditional School-Glendale ($14.3m) and Osteopathic Medical Education Consortium of Oklahoma Inc ($14.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.4% of the total. Compensation of current officers, directors and key employees was $209k (1.7% of expenses). Other salaries and wages came to $6.5m. At year end it held assets of $10.1m against liabilities of $4.6m, net assets of $5.5m. It reported 167 employees.