Community Foundation of Harford County Inc

Analysis

Community Foundation of Harford County Inc is a registered charity in United States, based in Bel Air, MD. It received its IRS tax-exemption ruling in December 2007, 19 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Community Foundation of Harford County Inc reported income of $811k and spending of $385k, leaving 53% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $586k to $811k (+38%), an average of +8.4% a year. The sharpest change came in the year to June 2021, when income rose by 29%. Over the whole period it spent 51% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Foundation of Harford County Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within MD. Charities of a similar size with the same main cause include Bourque Family Foundation Inc ($811k), United Way of St Clair County ($811k) and Lake County Community Fund ($810k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $91k (24% of expenses). Other salaries and wages came to $20k. At year end it held assets of $3.7m against liabilities of $729k, net assets of $3.0m. It reported 2 employees.