Bhumi

Analysis

Bhumi is a registered charity in United States, based in Kirkland, WA. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 January 2024, Bhumi reported income of $178k and spending of $72k, leaving 59% of income unspent that year. Across the 3 years on record, from January 2022 to January 2024, income fell from $257k to $178k (-31%), an average of -17% a year. The sharpest change came in the year to January 2024, when income rose by 106%. Over the whole period it spent 73% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Bhumi sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within WA. Charities of a similar size with the same main cause include Stearns Electric Association Trust ($178k), Isner Family Foundation ($178k) and Belvedere Community Foundation ($178k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $126k against liabilities of $0, net assets of $126k.