Rumi Academy

Analysis

Rumi Academy is a registered charity in United States, based in Redondo Beach, CA. It received its IRS tax-exemption ruling in March 2022, 4 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, Rumi Academy reported income of $102k and spending of $110k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $48k to $102k (+110%), an average of +110% a year. The sharpest change came in the year to December 2023, when income rose by 110%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rumi Academy sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 40th percentile within CA. Charities of a similar size with the same main cause include Fairfax Ballet Company ($102k), Arts Council of Rockland Inc ($102k) and Pacoli New York Inc ($102k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1,527 against liabilities of $10k, net assets of -$8,746.