Humanitarian Innovation Group Inc

Analysis

Humanitarian Innovation Group Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 2023, 3 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 Innovation Group Inc reported income of $237k and spending of $218k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $4,477 to $237k (+5193%), an average of +5193% a year. The sharpest change came in the year to December 2023, when income rose by 5193%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Humanitarian Innovation Group Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Everyones Wilson ($237k), Sos American Foundation Inc ($237k) and Soap2hope ($237k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $17k (7.6% of expenses). At year end it held assets of $19k against liabilities of $0, net assets of $19k.