Humanidad Inc

Analysis

Humanidad Inc is a registered charity in United States, based in Rocky Hill, CT. It received its IRS tax-exemption ruling in December 1987, 39 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 June 2023, Humanidad Inc reported income of $4.2m and spending of $4.2m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.2m to $4.2m (+29%), an average of +6.7% a year. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Humanidad Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within CT. Charities of a similar size with the same main cause include East Harlem Arts & Education ($4.2m), Monmouth Council No 9 Civil Service Association Housing Corporation ($4.2m) and Ask Childhood Cancer Foundation ($4.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $129k (3.1% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $1.5m against liabilities of $1.6m, net assets of -$88k. It reported 91 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.