Howard Fund

Analysis

Howard Fund is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in March 2017, 9 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Howard Fund reported income of $3.0m and spending of $1.3m, leaving 57% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $414k to $3.0m (+621%), an average of +64% a year. The sharpest change came in the year to December 2023, when income rose by 906%. Over the whole period it spent 48% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Howard Fund 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 89th percentile, and in the 90th percentile within TN. Charities of a similar size with the same main cause include Its Bigger Than US ($3.0m), Emeril Lagasse Foundation ($3.0m) and Missouri Slope Areawide United Way Inc ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $11.3m against liabilities of $785k, net assets of $10.6m.