Hum Sub Inc

Analysis

Hum Sub Inc is a registered charity in United States, based in Cary, NC. It received its IRS tax-exemption ruling in June 2001, 25 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Hum Sub Inc reported income of $114k and spending of $179k, spending 157% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $150k to $114k (-24%), an average of -24% a year. The sharpest change came in the year to December 2023, when income dropped by 24%. Over the whole period it spent 117% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hum Sub Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within NC. Charities of a similar size with the same main cause include Mardi Gras Museum Inc ($114k), Old Crozet School Arts ($114k) and Illinois High School Art Exhibition ($114k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 54% of the total. At year end it held assets of $195k against liabilities of $0, net assets of $195k.