Harford Community College Foundation Inc

Analysis

Harford Community College Foundation Inc is a registered charity in United States, based in Bel Air, MD. It received its IRS tax-exemption ruling in August 1990, 36 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 2023, Harford Community College Foundation Inc reported income of $2.4m and spending of $1.8m, leaving 28% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $2.4m (+71%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 75%. Over the whole period it spent 46% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Harford Community College Foundation 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 87th percentile, and in the 86th percentile within MD. Charities of a similar size with the same main cause include Parkers Community Fund Inc ($2.4m), United Way of the Capital Area Inc ($2.4m) and Creighton Community Foundation ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 70% of the total. At year end it held assets of $20.8m against liabilities of $1.4m, net assets of $19.5m.