Shumei International Institute Inc

Analysis

Shumei International Institute Inc is a registered charity in United States, based in Crestone, CO. It received its IRS tax-exemption ruling in August 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Shumei International Institute Inc reported income of $570k and spending of $917k, spending 161% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $231k to $570k (+147%), an average of +25% a year. The sharpest change came in the year to December 2022, when income rose by 404%. Over the whole period it spent 303% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Shumei International Institute Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within CO. Charities of a similar size with the same main cause include Acfe Foundation ($570k), Arizona Food & Drug Industry Education Foundation ($570k) and Leap Year ($570k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.5% of the total. Other salaries and wages came to $128k. At year end it held assets of $9.3m against liabilities of $5,984, net assets of $9.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.