Institute for Human Centered Design Inc

Analysis

Institute for Human Centered Design Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in August 1983, 43 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Institute for Human Centered Design Inc reported income of $2.6m and spending of $2.5m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.3m to $2.6m (+10%), an average of +2.5% a year. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Institute for Human Centered Design Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MA. Charities of a similar size with the same main cause include Louise Wells Cameron Art Museum ($2.6m), Step Up Womens Network ($2.6m) and Mobile Symphony Inc ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $143k (5.7% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $2.3m against liabilities of $896k, net assets of $1.4m. It reported 34 employees.