T Howard Foundation

Analysis

T Howard Foundation is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in August 1994, 32 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 December 2023, T Howard Foundation reported income of $1.7m and spending of $2.2m, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.7m (+32%), an average of +7.2% a year. The sharpest change came in the year to December 2020, when income rose by 37%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, T Howard Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MD. Charities of a similar size with the same main cause include United Way of Ventura County Inc ($1.7m), Unity Eor Properties Inc ($1.7m) and The Frankenmuth Community Foundation Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $504k (23% of expenses). Other salaries and wages came to $777k. At year end it held assets of $2.3m against liabilities of $1.0m, net assets of $1.3m. It reported 15 employees.