Yumi Cares Foundation Inc

Analysis

Yumi Cares Foundation Inc is a registered charity in United States, based in Ellicott City, MD. It received its IRS tax-exemption ruling in July 2017, 9 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 December 2023, Yumi Cares Foundation Inc reported income of $147k and spending of $98k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $248k to $147k (-41%), an average of -12% a year. The sharpest change came in the year to December 2021, when income rose by 1776%. Over the whole period it spent 35% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Yumi Cares Foundation Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within MD. Charities of a similar size with the same main cause include Northeast Addison Television Incorporated ($147k), Kunqu Society Inc ($147k) and Frenship Band Boosters ($147k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $690k against liabilities of $0, net assets of $690k.