Institute For Humanist Studies Inc
Institute For Humanist Studies Inc. consistently operates at a deficit, with assets declining significantly over the last decade.
EIN: 141816621 · Washington, DC · NTEE: B60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $14K |
| Total Expenses | $17K |
| Program Spending | 70% |
| Net Assets | $2K |
| Transparency Score | 45/100 |
Is Institute For Humanist Studies Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Institute For Humanist Studies Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Institute For Humanist Studies Inc
Institute For Humanist Studies Inc (EIN: 141816621) is a nonprofit organization based in Washington, DC, classified under NTEE code B60. The organization reported total revenue of $14K and total assets of $18K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Institute For Humanist Studies Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Institute For Humanist Studies Inc is a micro nonprofit that has been operating for 27 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -11.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $14K |
| Total Expenses | $17K |
| Surplus / Deficit | $-2,933 |
| Total Assets | $14K |
| Total Liabilities | $13K |
| Net Assets | $2K |
| Operating Margin | -20.9% |
| Debt-to-Asset Ratio | 89.3% |
| Months of Reserves | 10.0 months |
Financial Health Grade: C
In 2023, Institute For Humanist Studies Inc reported a deficit of $3K with expenses exceeding revenue, holds 10.0 months of operating reserves (strong position), has a debt-to-asset ratio of 89.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Institute For Humanist Studies Inc's revenue has declined at a compound annual growth rate (CAGR) of -11.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.1% | +-0.0% | +34.6% |
| 2022 | -1.0% | -32.9% | +16.8% |
| 2021 | +330.9% | -35.3% | -50.0% |
| 2020 | -81.8% | +7.7% | -67.1% |
| 2019 | -43.9% | -23.2% | -39.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Institute For Humanist Studies Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Institute For Humanist Studies Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3K, with expenses exceeding revenue.
- Debt-to-asset ratio: 89.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are not compensated, which is a positive for resource allocation given the organization's small size and financial constraints.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Institute For Humanist Studies Inc's IRS 990 filings:
- Consistent operational deficits, with expenses regularly exceeding revenue (e.g., $16,946 expenses vs. $14,013 revenue in 2023).
- Significant decline in total assets over the past decade, from $137,934 in 2014 to $14,064 in 2023.
- Increasing liabilities in recent years, reaching $12,557 in 2023, potentially indicating financial strain or reliance on debt.
Strengths
The following positive indicators were identified for Institute For Humanist Studies Inc:
- Consistent filing of IRS 990 forms for 13 periods, indicating good transparency.
- Reported 0% officer compensation across all filings, suggesting a volunteer-led or highly efficient executive structure.
- Long operational history (13 filings available) despite financial challenges.
Frequently Asked Questions about Institute For Humanist Studies Inc
Is Institute For Humanist Studies Inc a legitimate charity?
Institute For Humanist Studies Inc (EIN: 141816621) is a registered tax-exempt nonprofit based in Washington DC. Our AI analysis gives it a Mission Score of 45/100. It has 13 years of IRS 990 filings on record. Total revenue: $14K. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Institute For Humanist Studies Inc spend its money?
Institute For Humanist Studies Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Institute For Humanist Studies Inc tax-deductible?
Institute For Humanist Studies Inc is registered as a tax-exempt nonprofit (EIN: 141816621). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Institute For Humanist Studies Inc's spending goes to programs?
Institute For Humanist Studies Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Institute For Humanist Studies Inc compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Institute For Humanist Studies Inc is near average for NTEE category B60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Institute For Humanist Studies Inc located?
Institute For Humanist Studies Inc is headquartered in Washington, Washington DC and files with the IRS under EIN 141816621. It is classified under NTEE code B60.
How many years of IRS 990 filings does Institute For Humanist Studies Inc have?
Institute For Humanist Studies Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $14K in total revenue.
Is Institute For Humanist Studies Inc. financially sustainable?
Based on the consistent operational deficits (e.g., $14,013 revenue vs. $16,946 expenses in 2023) and declining assets (from $137,934 in 2014 to $14,064 in 2023), the organization's current financial model does not appear sustainable without significant changes to revenue generation or expense management.
What caused the significant decline in assets?
The decline in assets is directly correlated with the organization consistently spending more than it earns. For example, in 2021, expenses were $25,273 against revenue of $14,461, drawing down reserves. This pattern has been observed for many years, depleting the asset base.
How does the organization cover its deficits?
The organization appears to cover its deficits by drawing down its existing assets and, in some periods, incurring liabilities. For instance, in 2023, liabilities increased to $12,557, suggesting borrowing or unpaid obligations are used to bridge the gap between expenses and revenue.
What is the NTEE code B60 and how does it relate to the organization's mission?
NTEE code B60 typically refers to 'Humanities Councils & Foundations'. This code suggests the organization's mission is related to promoting or supporting the humanities, which aligns with a 'Humanist Studies' institute.
Filing History
IRS 990 filing history for Institute For Humanist Studies Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Institute For Humanist Studies Inc's revenue has declined by 75.2%, moving from $56K to $14K. Total assets decreased by 89.9% over the same period, from $139K to $14K. Total functional expenses fell by 76.5%, from $72K to $17K. In its most recent filing year (2023), Institute For Humanist Studies Inc reported a deficit of $3K, with expenses exceeding revenue. The organization holds $13K in liabilities against $14K in assets (debt-to-asset ratio: 89.3%), resulting in net assets of $2K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $14K | $17K | $14K | $13K | — | — |
| 2022 | $14K | $17K | $10K | $6K | — | — |
| 2021 | $14K | $25K | $9K | $2K | — | — |
| 2020 | $3K | $39K | $18K | $0 | — | View 990 |
| 2019 | $18K | $36K | $54K | $772 | — | View 990 |
| 2018 | $33K | $47K | $90K | $18K | — | View 990 |
| 2017 | $47K | $50K | $95K | $9K | — | View 990 |
| 2016 | $20K | $48K | $90K | $2K | — | View 990 |
| 2015 | $31K | $44K | $124K | $8K | — | View 990 |
| 2014 | $34K | $54K | $138K | $10K | — | View 990 |
| 2013 | $59K | $48K | $151K | $3K | — | View 990 |
| 2012 | $53K | $54K | $138K | $121 | — | View 990 |
| 2011 | $56K | $72K | $139K | $682 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $14K, expenses of $17K, and assets of $14K (revenue -2.1% year-over-year).
- 2022: Revenue of $14K, expenses of $17K, and assets of $10K (revenue -1.0% year-over-year).
- 2021: Revenue of $14K, expenses of $25K, and assets of $9K (revenue +330.9% year-over-year).
- 2020: Revenue of $3K, expenses of $39K, and assets of $18K (revenue -81.8% year-over-year).
- 2019: Revenue of $18K, expenses of $36K, and assets of $54K (revenue -43.9% year-over-year).
- 2018: Revenue of $33K, expenses of $47K, and assets of $90K (revenue -30.6% year-over-year).
- 2017: Revenue of $47K, expenses of $50K, and assets of $95K (revenue +133.3% year-over-year).
- 2016: Revenue of $20K, expenses of $48K, and assets of $90K (revenue -35.5% year-over-year).
- 2015: Revenue of $31K, expenses of $44K, and assets of $124K (revenue -7.8% year-over-year).
- 2014: Revenue of $34K, expenses of $54K, and assets of $138K (revenue -41.9% year-over-year).
- 2013: Revenue of $59K, expenses of $48K, and assets of $151K (revenue +10.4% year-over-year).
- 2012: Revenue of $53K, expenses of $54K, and assets of $138K (revenue -5.7% year-over-year).
- 2011: Revenue of $56K, expenses of $72K, and assets of $139K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Institute For Humanist Studies Inc:
Data Sources and Methodology
This transparency report for Institute For Humanist Studies Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.