The Community Foundation of Howard County Inc

Analysis

The Community Foundation of Howard County Inc is a registered charity in United States, based in Columbia, MD. It received its IRS tax-exemption ruling in January 1972, 54 years ago. 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, The Community Foundation of Howard County Inc reported income of $2.8m and spending of $2.6m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.1m to $2.8m (-33%), an average of -9.6% a year. The sharpest change came in the year to December 2021, when income rose by 89%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Community Foundation of Howard County Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MD. Charities of a similar size with the same main cause include The Sun Publishing Company ($2.8m), Preachers Aid Society of New England ($2.8m) and Chayal El Chayal Inc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% of the total. Compensation of current officers, directors and key employees was $202k (7.8% of expenses). Other salaries and wages came to $338k. At year end it held assets of $35.2m against liabilities of $78k, net assets of $35.1m. It reported 6 employees.