Rumi and Mary Foundation Inc

Analysis

Rumi and Mary Foundation Inc is a registered charity in United States, based in Mahwah, NJ. It received its IRS tax-exemption ruling in June 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 (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, Rumi and Mary Foundation Inc reported income of $69k and spending of $67k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $450k to $69k (-85%), an average of -85% a year. The sharpest change came in the year to December 2023, when income dropped by 85%. Over the whole period it spent 100% 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 and Mary Foundation Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 34th percentile within NJ. Charities of a similar size with the same main cause include Lisbon Opera House Foundation ($69k), Northwest Pennsylvania Steam Engine and Old Equipment Association Inc ($69k) and Hudson Valley Arts and Science Inc ($69k).

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 $2,429 against liabilities of $0, net assets of $2,429.