Yamei Academy of Excellence

Analysis

Yamei Academy of Excellence is a registered charity in United States, based in Menifee, CA. It received its IRS tax-exemption ruling in December 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Yamei Academy of Excellence reported income of $298k and spending of $217k, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $185k to $298k (+61%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Yamei Academy of Excellence sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include Cohocton Public Library ($298k), Giving Tree School Inc ($298k) and Montgomery Area Court Referral Program Inc ($298k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $133k (61% of expenses). At year end it held assets of $36k against liabilities of $168, net assets of $36k. It reported 4 employees.