Humanitix USA Limited

Nonprofit profile at a glance

EIN
364956766
IRS 990 coverage
2020–2024
Forms available
Form 990 2024, Form 990-N 2019
Location
Denver, CO, USA
Phone
7204493164
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Human Service Organizations

Reported finances

Revenue
$5,482,678
Expenses
$7,262,475
Assets
$9,957,427
Liabilities
$6,976,222

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • ADAM MCCURDIE (PRESIDENT)

Highest reported compensation

  • CYNTHIA SWATT (ACCOUNTANT & TREASURER): $122,594 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Humanitix USA Limited Maintains An Event Access Platform (The "Platform") For Live Events. It Improves Accessibility For People With Disabilities To Attend Events , Helping Solve The Problem Of Social Inclusion And Community Participation. All New Features Launched On The Platform Were Developed With Assistive Technologies, Enabling Our Disabled Community To Fully Participate In All Event Experiences And Offerings. The Fees Generated By For-Profit Event Organizers Using The Platform Help Fund a range of charities including a key focus on Education and Poverty Alleviating Programs For Disadvantaged People. Nonprofit Organizations Use The Platform For Their Events But Pay Much Lower Fees Which Are Used To Sustainably Cover The Operating Costs Of Humanitix Providing The Service.

What it reported doing in 2024

WE HAVE CONTINUED TO GROW AND EXPAND OUR MARKET IN THE US WHILE GROWING OUR US TEAM THROUGH HIRING. IN FY 2025, WE DONATED $2,552,524.00 USD TO TACKLING HUMANITY'S BIGGEST CHALLENGES. FROM EDUCATION, TO ACCESSIBILITY AND BEYOND, OUR CHARITY PARTNERS HELP US MAXIMIZE THE IMPACT OF EVERY DOLLAR WE GENERATE. OUR DONATION TO The Life You Can Save (TLYCS) has changed the minds of hundreds of thousands of people with respect to the ethics of giving, and how to give effectively. TLYCS donation was designated to Givedirectly, Teaching at the Right Level, Educate Girls, Seva and the Fistula Foundation. OUR LONG-TERM GOAL IS TO EXPAND OUR PLATFORM ACCESS TO ENABLING OUR DISABLED COMMUNITY TO FULLY PARTICIPATE IN ALL EVENT EXPERIENCES AND OFFERINGS. NOT ONLY WILL THIS INCREASE OUR PROFITS FOR CHARITABLE DONATIONS, IT WILL FURTHER BUILD A COMPASSIONATE AND INCLUSIVE COMMUNITY.

Operating model

Revenue model
Other-operating. 87% of the money available for current operations came from other operating revenue.
Distribution model
Grant intermediary. The nonprofit sent 65% of its reported program spending out as grants.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of total spending goes to programs and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 59
  • Transparency & Controls: 95
  • Accountability: 90
  • Sustainability: 27
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 74%; rating input score 74
  • Program expense ratio: 54.3%; rating input score 54
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 7th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 99.2%; rating input score 99; 37th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -32.5%; rating input score 4; 4th percentile among comparable filings
  • Total-asset coverage ratio: 1.37; rating input score 48; 48th percentile among comparable filings
  • Liabilities to assets ratio: 0.7; rating input score 13; 13th percentile among comparable filings
  • Officer compensation ratio: 1.7%; rating input score 77; 77th percentile among comparable filings

Growth

  • Program expense growth: 64.8% per year; rating input score 100; 98th percentile among comparable filings
  • Revenue growth: 34.6% per year; rating input score 100; 95th percentile among comparable filings
  • Asset growth: 43% per year; rating input score 100; 97th percentile among comparable filings

Details

  • Where the money goes: 74% of revenue deployed · 54.3% of spending went to programs
  • Governance: 5 of 5 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $3.9M in reported program spending
  • Leadership: top reported pay $123K · 6 people listed
  • Highest-paid contractors: 1 contractor listed · $697K reported
  • Consistency: 27 of 28 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes major donors and grants
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • Related organizations: 7 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Program expense ratio scored 54/100.
  • High — Sustainability: Operating margin scored 4/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 48/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • High — Sustainability: Liabilities to assets ratio scored 13/100.