Humanitix USA Limited

Analysis

Humanitix USA Limited is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Humanitix USA Limited reported income of $4.5m and spending of $2.0m, leaving 56% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income grew from $1.2m to $4.5m (+282%), an average of +96% a year. The sharpest change came in the year to June 2023, when income rose by 283%. Over the whole period it spent 34% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Humanitix USA Limited 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 91st percentile, and in the 92nd percentile within CO. Charities of a similar size with the same main cause include Senior Transportation Connection of Cuyahoga County ($4.5m), Sibling Care Foster Family Agency ($4.5m) and Self-Determination Resources Inc ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $145k (7.3% of expenses). Other salaries and wages came to $563k. At year end it held assets of $6.3m against liabilities of $1.7m, net assets of $4.5m.