Sumaj Foundation

Analysis

Sumaj Foundation is a registered charity in United States, based in Camarillo, CA. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sumaj Foundation reported income of $1.2m and spending of $726k, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $449k to $1.2m (+177%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 73%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sumaj Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Keystone Foundation ($1.2m), Hope Chinese School Inc ($1.2m) and Centerville Schools Booster Club Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $202k (28% of expenses). Other salaries and wages came to $248k. At year end it held assets of $800k against liabilities of $166k, net assets of $633k. It reported 15 employees.