Shaolin Hung Mei Kung Fu Association

Analysis

Shaolin Hung Mei Kung Fu Association is a registered charity in United States, based in Boulder, CO. It received its IRS tax-exemption ruling in October 2002, 24 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Shaolin Hung Mei Kung Fu Association reported income of $141k and spending of $130k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $127k to $141k (+11%), an average of +11% a year. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Shaolin Hung Mei Kung Fu Association sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 42nd percentile within CO. Charities of a similar size with the same main cause include Scissortails Productions Inc ($141k), Virgin Valley Theatre Group ($141k) and I Am Cultured Inc ($141k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 33% of the total. At year end it held assets of $169k against liabilities of $1,500, net assets of $168k.