Howard County Sponsoring Committee

Analysis

Howard County Sponsoring Committee is a registered charity in United States, based in Columbia, MD. It received its IRS tax-exemption ruling in March 2007, 19 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Howard County Sponsoring Committee reported income of $91k and spending of $62k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $139k to $91k (-34%), an average of -10% a year. The sharpest change came in the year to December 2023, when income dropped by 42%. Over the whole period it spent 83% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Howard County Sponsoring Committee sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 36th percentile within MD. Charities of a similar size with the same main cause include The Heritage Trust for Preservation & Restor of Historic Burlington Ia ($91k), Meridian Junior Auxiliary Inc ($91k) and Leadership Houston Endowment Inc ($91k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $5,712. At year end it held assets of $195k against liabilities of $631, net assets of $194k. It reported 1 employees.