Howardcenter Inc

Analysis

Howardcenter Inc is a registered charity in United States, based in Burlington, VT. It received its IRS tax-exemption ruling in April 1945, 81 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 June 2023, Howardcenter Inc reported income of $131.7m and spending of $134.4m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $105.6m to $131.7m (+25%), an average of +5.7% a year. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Howardcenter Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within VT. Charities of a similar size with the same main cause include Childrens Cabinet Inc a Child and Family Resource ($131.3m), Vitamin Angel Alliance Inc ($132.1m) and Eskaton Properties Incorporated ($129.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $1.1m (0.8% of expenses). Other salaries and wages came to $68.4m. It paid $42k in professional fundraising fees. At year end it held assets of $53.2m against liabilities of $22.2m, net assets of $31.0m. It reported 1,587 employees.