Humentum

Analysis

Humentum is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in January 1984, 42 years ago. 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 September 2023, Humentum reported income of $10.9m and spending of $10.7m, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $9.1m to $10.9m (+19%), an average of +4.5% a year. The sharpest change came in the year to September 2021, when income rose by 18%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Humentum sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 88th percentile within DC. Charities of a similar size with the same main cause include Family Assistance Program ($10.9m), Gow School ($10.9m) and Aid Upstate ($10.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 46% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $527k (4.9% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $4.9m against liabilities of $3.3m, net assets of $1.5m. It reported 19 employees.