Howard Hospital Foundation Inc

Analysis

Howard Hospital Foundation Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in November 1976, 50 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Howard Hospital Foundation Inc reported income of $2.3m and spending of $4.1m, spending 178% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.5m to $2.3m (-33%), an average of -9.6% a year. The sharpest change came in the year to June 2022, when income rose by 182%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Howard Hospital Foundation Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MD. Charities of a similar size with the same main cause include American Council of the Blind Inc ($2.3m), Easter Seals Southwest Florida Foundation Inc ($2.3m) and Finley Health Foundation Inc ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $415k. At year end it held assets of $16.7m against liabilities of $32k, net assets of $16.7m. It reported 5 employees.