Community Foundation of Howard County Inc

Analysis

Community Foundation of Howard County Inc is a registered charity in United States, based in Kokomo, IN. It received its IRS tax-exemption ruling in April 1992, 34 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 December 2023, Community Foundation of Howard County Inc reported income of $6.3m and spending of $5.3m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.4m to $6.3m (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2020, when income rose by 127%. Over the whole period it spent 52% 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 Howard County Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within IN. Charities of a similar size with the same main cause include Community in Action ($6.3m), Partners in School Innovation ($6.3m) and Northridge Hospital Foundation ($6.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% of the total. Compensation of current officers, directors and key employees was $213k (4.0% of expenses). Other salaries and wages came to $363k. At year end it held assets of $113.1m against liabilities of $3.2m, net assets of $109.9m. It reported 11 employees.