Human Milk Banking Association of North America

Analysis

Human Milk Banking Association of North America is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in June 1992, 34 years ago. 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 December 2023, Human Milk Banking Association of North America reported income of $305k and spending of $434k, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $317k to $305k (-3.7%), an average of -0.9% a year. The sharpest change came in the year to December 2020, when income rose by 41%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Human Milk Banking Association of North America sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 66th percentile within TX. Charities of a similar size with the same main cause include Road Runners Club of America ($305k), Harlan Christian Church Inc ($305k) and Broken Stone Ministries ($305k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $178k (41% of expenses). Other salaries and wages came to $5,196. At year end it held assets of $1.0m against liabilities of $55k, net assets of $953k. It reported 1 employees.