Foundation for Human Development

Analysis

Foundation for Human Development is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 1972, 54 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 March 2024, Foundation for Human Development reported income of $2.2m and spending of $1.2m, leaving 47% of income unspent that year. Across the 5 years on record, from March 2020 to March 2024, income grew from $1.1m to $2.2m (+91%), an average of +18% a year. The sharpest change came in the year to March 2022, when income rose by 147%. Over the whole period it spent 49% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foundation for Human Development sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within IL. Charities of a similar size with the same main cause include Compassion Child Care ($2.2m), Onslow United Transit System Inc ($2.2m) and Oceans Harbor House Inc ($2.2m).

Compensation of current officers, directors and key employees was $51k (4.4% of expenses). At year end it held assets of $26.6m against liabilities of $5.8m, net assets of $20.8m.