Howard Community College Educational Foundation Inc

Analysis

Howard Community College Educational Foundation Inc is a registered charity in United States, based in Columbia, MD. It received its IRS tax-exemption ruling in June 1983, 43 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Howard Community College Educational Foundation Inc reported income of $5.5m and spending of $4.1m, leaving 25% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.5m to $5.5m (+56%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 48%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Howard Community College Educational Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MD. Charities of a similar size with the same main cause include Elm City Montessori School Inc ($5.5m), Legacy Collegiate Middle and High School for Careers in Health and W ($5.5m) and Dharma Educational Institute ($5.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% of the total. Other salaries and wages came to $980k. At year end it held assets of $17.8m against liabilities of $437k, net assets of $17.4m.