Humanitas Inc

Analysis

Humanitas Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in December 1997, 29 years ago. Its declared purposes cover community improvement and capacity building, 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 December 2023, Humanitas Inc reported income of $473k and spending of $656k, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $6,329 to $473k (+7379%), an average of +194% a year. The sharpest change came in the year to December 2021, when income rose by 16834%. Over the whole period it spent 146% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Humanitas Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within LA. Charities of a similar size with the same main cause include Ripple Effects Group ($473k), Cwi Labs Inc ($474k) and Alliance Industries Inc ($473k).

Other salaries and wages came to $67k. At year end it held assets of $3.1m against liabilities of $1.2m, net assets of $1.8m. It reported 2 employees.