Numana Inc

Analysis

Numana Inc is a registered charity in United States, based in Union, IA. It received its IRS tax-exemption ruling in July 2008, 18 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, Numana Inc reported income of $143k and spending of $950k, spending 664% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.1m to $143k (-95%), an average of -54% a year. The sharpest change came in the year to December 2020, when income dropped by 83%. Over the whole period it spent 123% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Numana Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within IA. Charities of a similar size with the same main cause include Taylors Closet Foundation Inc ($143k), Life Styles Foundation Inc ($143k) and Go Com Devel Corp ($143k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $26k (2.7% of expenses). Other salaries and wages came to $46k. At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.