Human Development Corporation

Analysis

Human Development Corporation is a registered charity in United States, based in Edgewater, MD. It received its IRS tax-exemption ruling in August 1989, 37 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Human Development Corporation reported income of $6.0m and spending of $5.3m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.6m to $6.0m (+30%), an average of +6.8% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Human Development Corporation 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 93rd percentile, and in the 92nd percentile within MD. Charities of a similar size with the same main cause include Great Oaks Charter School - Wilmington Inc ($6.0m), Kipp Okc Public Schools ($6.0m) and Deep Roots Charter School ($6.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $252k (4.7% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $14.4m against liabilities of $1.6m, net assets of $12.8m. It reported 73 employees.