Humboldt Sponsors

Analysis

Humboldt Sponsors is a registered charity in United States, based in Eureka, CA. It received its IRS tax-exemption ruling in June 1971, 55 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 March 2024, Humboldt Sponsors reported income of $92k and spending of $119k, spending 128% of what it took in. Across the 2 years on record, from March 2023 to March 2024, income fell from $143k to $92k (-36%), an average of -36% a year. The sharpest change came in the year to March 2024, when income dropped by 36%. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Humboldt Sponsors sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within CA. Charities of a similar size with the same main cause include Grizzly Youth Academy Foundation ($92k), Oconee Emc Foundation Inc ($92k) and Kicking It Back Inc ($92k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 33% of the total. At year end it held assets of $86k against liabilities of $20k, net assets of $66k.