Liumi Inc

Analysis

Liumi Inc is a registered charity in United States, based in Delray Beach, FL. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 July 2023, Liumi Inc reported income of $617k and spending of $409k, leaving 34% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income grew from $111k to $617k (+456%), an average of +54% a year. The sharpest change came in the year to July 2020, when income rose by 194%. Over the whole period it spent 69% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Liumi Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 76th percentile within FL. Charities of a similar size with the same main cause include Wake Up America Seminars Inc ($617k), Lotus Buddhist Congregation ($617k) and Emmanuel International Ministries ($617k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 89% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $2,500 (0.6% of expenses). Other salaries and wages came to $99k. At year end it held assets of $1.2m against liabilities of $600k, net assets of $615k.