Arkansas Human Development Corporation

Analysis

Arkansas Human Development Corporation is a registered charity in United States, based in Little Rock, AR. It received its IRS tax-exemption ruling in December 1972, 54 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Arkansas Human Development Corporation reported income of $3.8m and spending of $3.6m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $3.8m (+163%), an average of +27% a year. The sharpest change came in the year to June 2023, when income rose by 70%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Arkansas Human Development Corporation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within AR. Charities of a similar size with the same main cause include Northwest Kansas Economic Innovation Center Inc ($3.8m), Launch New York Inc ($3.8m) and New Horizons Supported Services Inc ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $422k against liabilities of $44k, net assets of $378k. It reported 182 employees.