Humboldt Area Foundation

Analysis

Humboldt Area Foundation is a registered charity in United States, based in Bayside, CA. It received its IRS tax-exemption ruling in November 1993, 33 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 (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, Humboldt Area Foundation reported income of $14.9m and spending of $15.5m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.5m to $14.9m (+42%), an average of +9.1% a year. The sharpest change came in the year to June 2022, when income rose by 46%. Over the whole period it spent 86% 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 Area Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Connecticut Community Foundation Inc ($14.9m), Utahs Promise ($14.9m) and United Way of Buffalo and Erie County ($14.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $829k (5.3% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $160.1m against liabilities of $38.4m, net assets of $121.7m. It reported 51 employees.