Soulumination

Analysis

Soulumination is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in August 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Soulumination reported income of $274k and spending of $261k, spending 95% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $235k to $274k (+17%), an average of +3.1% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Soulumination sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within WA. Charities of a similar size with the same main cause include Sarah Bonwell Hudgins Foundation Inc ($274k), Heppner Community Foundation ($274k) and Families of the Wounded Fund Inc ($274k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $87k (34% of expenses). Other salaries and wages came to $97k. At year end it held assets of $414k against liabilities of $2,929, net assets of $411k. It reported 3 employees.