Humanity Alliance

Analysis

Humanity Alliance is a registered charity in United States, based in Victoria, MN. It received its IRS tax-exemption ruling in July 2019, 7 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Humanity Alliance reported income of $830k and spending of $1.1m, spending 135% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $187k to $830k (+343%), an average of +64% a year. The sharpest change came in the year to December 2021, when income rose by 544%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Humanity Alliance sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within MN. Charities of a similar size with the same main cause include Lincoln Economic Development Association ($830k), Cleveland Citywide Development Corporation ($830k) and Imagine Englewood If NFP ($829k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $62k (5.6% of expenses). Other salaries and wages came to $208k. At year end it held assets of $1.6m against liabilities of $1.2m, net assets of $396k. It reported 6 employees.