Harford County Education Foundation Inc

Analysis

Harford County Education Foundation Inc is a registered charity in United States, based in Abingdon, MD. It received its IRS tax-exemption ruling in June 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Harford County Education Foundation Inc reported income of $218k and spending of $244k, spending 112% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $169k to $218k (+29%), an average of +5.3% a year. The sharpest change came in the year to June 2021, when income rose by 28%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Harford County Education Foundation Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within MD. Charities of a similar size with the same main cause include Elkins High School Athletic Boosters Inc ($218k), Montessori Schoolhouse Inc ($218k) and National School Foundation Association Inc ($218k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 111% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $65k (27% of expenses). Other salaries and wages came to $4,400. At year end it held assets of $147k against liabilities of $13k, net assets of $134k. It reported 2 employees.