Howard Young Foundation Inc

Analysis

Howard Young Foundation Inc is a registered charity in United States, based in Minocqua, WI. It received its IRS tax-exemption ruling in October 1985, 41 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 2024, Howard Young Foundation Inc reported income of $3.4m and spending of $2.5m, leaving 25% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $3.1m to $3.4m (+8.2%), an average of +1.6% a year. The sharpest change came in the year to June 2022, when income rose by 104%. Over the whole period it spent 64% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Howard Young Foundation Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within WI. Charities of a similar size with the same main cause include Monique Burr Foundation for Children Inc ($3.4m), The Childrens Heart Foundation ($3.4m) and Community Foundation of the Central Blue Ridge ($3.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 67% of the total. Compensation of current officers, directors and key employees was $305k (12% of expenses). At year end it held assets of $29.6m against liabilities of $1.1m, net assets of $28.5m. It reported 5 employees.