Humanistic Foundation Incorporated

Analysis

Humanistic Foundation Incorporated is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in December 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Humanistic Foundation Incorporated reported income of $5.6m and spending of $4.6m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $5.6m (+131%), an average of +23% a year. The sharpest change came in the year to December 2022, when income rose by 26%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Humanistic Foundation Incorporated sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Schoharie County Child Development Council Inc ($5.6m), Wright County Community Action Inc ($5.6m) and Destination Tomorrow Inc ($5.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 98% of the total. Other salaries and wages came to $2.8m. At year end it held assets of $2.8m against liabilities of $932k, net assets of $1.8m. It reported 71 employees.