Human Technologies Corporation

Analysis

Human Technologies Corporation is a registered charity in United States, based in Utica, NY. It received its IRS tax-exemption ruling in March 1956, 70 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 December 2023, Human Technologies Corporation reported income of $27.5m and spending of $20.4m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $18.8m to $27.5m (+46%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 85% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Human Technologies Corporation sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Human Solutions Inc ($27.4m), International Union of Operating Engineers National Training Fund ($27.5m) and United Community Action Partnership Inc ($27.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $2.0m (9.7% of expenses). Other salaries and wages came to $11.0m. At year end it held assets of $30.6m against liabilities of $4.3m, net assets of $26.3m. It reported 458 employees.