Humanitarian and Development Foundation for Myanmar

Analysis

Humanitarian and Development Foundation for Myanmar is a registered charity in United States, based in Minot, ND. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Humanitarian and Development Foundation for Myanmar reported income of $7.1m and spending of $7.8m, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $6.7m to $7.1m (+6.5%), an average of +6.5% a year. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Humanitarian and Development Foundation for Myanmar sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within ND. Charities of a similar size with the same main cause include Kenosha Achievement Center Inc ($7.1m), John Knox Villages of the Lower Rio Grande Valley Inc ($7.1m) and Kidsvoice Pennsylvania Inc ($7.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $942k against liabilities of $23k, net assets of $919k.