Human Resource Development Associates Inc

Analysis

Human Resource Development Associates Inc is a registered charity in United States, based in Taos, NM. It received its IRS tax-exemption ruling in July 1993, 33 years ago. 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 June 2023, Human Resource Development Associates Inc reported income of $861k and spending of $903k, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.2m to $861k (-30%), an average of -8.6% a year. The sharpest change came in the year to June 2023, when income dropped by 19%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Human Resource Development Associates Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within NM. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($861k), Baptist Missionary Association of ($861k) and Lake County Free Clinic ($860k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 90% of the total. Other salaries and wages came to $534k. At year end it held assets of $571k against liabilities of $527k, net assets of $44k. It reported 25 employees.