Human Necessity Foundation

Analysis

Human Necessity Foundation is a registered charity in United States, based in Corona, NY. It received its IRS tax-exemption ruling in November 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Human Necessity Foundation reported income of $830k and spending of $821k, spending 99% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $1.8m to $830k (-53%), an average of -14% a year. The sharpest change came in the year to December 2020, when income dropped by 50%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Human Necessity Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Street Sense Inc ($829k), Samaritan Car Clinic Inc ($830k) and Carousel Play & Learn Center Inc ($829k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $156k (19% of expenses). At year end it held assets of $95k against liabilities of $0, net assets of $95k.