Center for a Humane Economy Inc

Analysis

Center for a Humane Economy Inc is a registered charity in United States, based in Bethesda, MD. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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 October 2023, Center for a Humane Economy Inc reported income of $2.6m and spending of $2.3m, spending 90% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $441k to $2.6m (+485%), an average of +56% a year. The sharpest change came in the year to October 2022, when income rose by 132%. Over the whole period it spent 74% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Center for a Humane Economy Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MD. Charities of a similar size with the same main cause include Lever Foundation Growth Fund ($2.6m), Dolphin Life Inc ($2.6m) and Assistance Dogs of Hawaii ($2.6m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 90% and program service revenue 8.3% of the total. Compensation of current officers, directors and key employees was $44k (1.9% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $2.5m against liabilities of $393k, net assets of $2.1m. It reported 19 employees.