Ming Hui Academy Boston Inc

Analysis

Ming Hui Academy Boston Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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 July 2024, Ming Hui Academy Boston Inc reported income of $158k and spending of $125k, leaving 21% of income unspent that year. Across the 2 years on record, from July 2023 to July 2024, income grew from $103k to $158k (+54%), an average of +54% a year. The sharpest change came in the year to July 2024, when income rose by 54%. Over the whole period it spent 67% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ming Hui Academy Boston Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 53rd percentile within MA. Charities of a similar size with the same main cause include Agriculture Scholarship Centre for Basis Trading Education Inc ($158k), Mountain Fellowship Center ($158k) and Laren Montessori School ($158k).

On its Form 990-EZ for the period ending July 2024, revenue came from contributions and grants 17% and program service revenue 81% of the total. At year end it held assets of $102k against liabilities of $1,285, net assets of $101k.