Center for Human Development Inc

Analysis

Center for Human Development Inc is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in August 1972, 54 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 June 2023, Center for Human Development Inc reported income of $142.1m and spending of $137.8m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $104.5m to $142.1m (+36%), an average of +8.0% a year. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Center for Human Development Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MA. Charities of a similar size with the same main cause include Coordinated Transportation Solutions Inc ($141.8m), Ezer Mizion ($142.3m) and Givedirectly Inc ($140.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $636k (0.5% of expenses). Other salaries and wages came to $76.2m. At year end it held assets of $107.2m against liabilities of $48.3m, net assets of $58.9m. It reported 2,527 employees.