Huma-Faith

Analysis

Huma-Faith is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in March 2021, 5 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, Huma-Faith reported income of $232k and spending of $227k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $210k to $232k (+10%), an average of +10% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Huma-Faith sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within TX. Charities of a similar size with the same main cause include Northern Hills Family Recreation Center Corporation ($232k), United Christian Fellowship at Navarro College ($232k) and Caribou County Senior Citizens Inc ($232k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $62k (27% of expenses). Other salaries and wages came to $9,000. It paid $2,000 in professional fundraising fees. At year end it held assets of $377k against liabilities of $377k, net assets of $0.