Humanities Foundation Inc

Analysis

Humanities Foundation Inc is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in June 1992, 34 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Humanities Foundation Inc reported income of $4.0m and spending of $2.1m, leaving 48% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $4.0m (+123%), an average of +22% a year. The sharpest change came in the year to December 2020, when income rose by 56%. Over the whole period it spent 60% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Humanities Foundation Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within SC. Charities of a similar size with the same main cause include Methow Housing TR ($3.9m), Housing Solutions of Northern Arizona Inc ($4.0m) and Kim Wilson Housing ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $292k (14% of expenses). Other salaries and wages came to $581k. At year end it held assets of $33.8m against liabilities of $6.8m, net assets of $27.0m. It reported 17 employees.