Human Resource Development Agency Inc

Analysis

Human Resource Development Agency Inc is a registered charity in United States, based in Naugatuck, CT. It received its IRS tax-exemption ruling in April 1976, 50 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 2024, Human Resource Development Agency Inc reported income of $186k and spending of $202k, spending 108% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $175k to $186k (+6.3%), an average of +1.5% a year. The sharpest change came in the year to June 2024, when income rose by 20%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Human Resource Development Agency Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within CT. Charities of a similar size with the same main cause include Famil ($186k), Etuti Institute ($186k) and Pet Ia-Leighton ($186k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $50k (25% of expenses). Other salaries and wages came to $75k. At year end it held assets of $149k against liabilities of $44k, net assets of $106k. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.