Howard College Foundation

Analysis

Howard College Foundation is a registered charity in United States, based in Big Spring, TX. It received its IRS tax-exemption ruling in June 1981, 45 years ago. 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 August 2023, Howard College Foundation reported income of $374k and spending of $1.1m, spending 294% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $981k to $374k (-62%), an average of -21% a year. The sharpest change came in the year to August 2021, when income rose by 146%. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Howard College Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 70th percentile within TX. Charities of a similar size with the same main cause include Paralyzed Veterans of America ($374k), National Association of Housing & Redevelopment Officials ($374k) and Saml S Fleisher 9 Res ($373k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 59% of the total. At year end it held assets of $5.7m against liabilities of $140, net assets of $5.7m.