Howard Family Charitable Foundationinc
Howard Family Charitable Foundationinc consistently operates at a deficit, relying on its substantial asset base.
EIN: 208623940 · Oklahoma City, OK · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.8M |
| Total Expenses | $190K |
| Program Spending | 75% |
| Net Assets | $3.5M |
| Transparency Score | 70/100 |
Is Howard Family Charitable Foundationinc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Howard Family Charitable Foundationinc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Howard Family Charitable Foundationinc
Howard Family Charitable Foundationinc (EIN: 208623940) is a nonprofit organization based in Oklahoma City, OK, classified under NTEE code T20. The organization reported total revenue of $2.8M and total assets of $3.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Howard Family Charitable Foundationinc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Howard Family Charitable Foundationinc is a mid-size nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $157K |
| Total Expenses | $190K |
| Surplus / Deficit | $-32,434 |
| Total Assets | $3.5M |
| Total Liabilities | $1 |
| Net Assets | $3.5M |
| Operating Margin | -20.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 224.2 months |
Financial Health Grade: B
In 2023, Howard Family Charitable Foundationinc reported a deficit of $32K with expenses exceeding revenue, holds 224.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Howard Family Charitable Foundationinc's revenue has grown at a compound annual growth rate (CAGR) of 8.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -32.9% | -23.4% | +2.7% |
| 2022 | +97.2% | +2.5% | -0.5% |
| 2021 | -45.0% | +-0.0% | -3.2% |
| 2020 | -29.0% | -9.5% | -1.2% |
| 2019 | +93.5% | -16.2% | -6.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Howard Family Charitable Foundationinc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Howard Family Charitable Foundationinc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $32K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all ten filings, indicating either a fully volunteer-led executive team or that executive compensation is covered by an external entity, which is highly efficient for the foundation's direct expenses.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Howard Family Charitable Foundationinc's IRS 990 filings:
- Consistent operational deficits, with expenses exceeding revenue in 8 out of 10 reported periods, indicating reliance on asset drawdowns.
- Declining asset base over the long term, from $4.1 million in 2012 to $3.5 million in 2023, potentially due to consistent deficits.
Strengths
The following positive indicators were identified for Howard Family Charitable Foundationinc:
- Strong and stable asset base, consistently above $3.4 million, providing long-term financial security.
- Zero reported officer compensation across all filings, suggesting highly efficient governance costs or volunteer leadership.
- Consistent IRS 990 filing history, indicating good transparency and compliance.
Frequently Asked Questions about Howard Family Charitable Foundationinc
Is Howard Family Charitable Foundationinc a legitimate charity?
Howard Family Charitable Foundationinc (EIN: 208623940) is a registered tax-exempt nonprofit based in Oklahoma. Our AI analysis gives it a Mission Score of 70/100. It has 10 years of IRS 990 filings on record. Total revenue: $2.8M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Howard Family Charitable Foundationinc spend its money?
Howard Family Charitable Foundationinc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Howard Family Charitable Foundationinc tax-deductible?
Howard Family Charitable Foundationinc is registered as a tax-exempt nonprofit (EIN: 208623940). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Howard Family Charitable Foundationinc's spending goes to programs?
Howard Family Charitable Foundationinc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Howard Family Charitable Foundationinc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Howard Family Charitable Foundationinc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Howard Family Charitable Foundationinc located?
Howard Family Charitable Foundationinc is headquartered in Oklahoma City, Oklahoma and files with the IRS under EIN 208623940. It is classified under NTEE code T20.
How many years of IRS 990 filings does Howard Family Charitable Foundationinc have?
Howard Family Charitable Foundationinc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.8M in total revenue.
How does the organization cover its recurring operational deficits, given that expenses frequently exceed revenue (e.g., $189,693 expenses vs. $157,259 revenue in 2023)?
The organization likely covers its operational deficits by drawing from its substantial asset base, which has consistently been over $3.4 million, or from prior accumulated surpluses. This is a common practice for foundations that manage endowments.
What is the specific breakdown of expenses into program, administrative, and fundraising categories, as this information is not detailed in the provided summary?
Without access to the full IRS Form 990, a precise breakdown is not available. The provided data only shows total expenses. Further analysis would require reviewing Part IX of the 990.
Given the NTEE code T20 (Philanthropy, Voluntarism, and Grantmaking Foundations), what are the primary grantmaking activities and beneficiaries of the foundation?
The provided financial summary does not detail specific grantmaking activities or beneficiaries. This information would typically be found in Schedule I of the IRS Form 990.
Filing History
IRS 990 filing history for Howard Family Charitable Foundationinc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Howard Family Charitable Foundationinc's revenue has grown by 175.8%, moving from $57K to $157K. Total assets decreased by 13.6% over the same period, from $4.1M to $3.5M. Total functional expenses rose by 3.2%, from $184K to $190K. In its most recent filing year (2023), Howard Family Charitable Foundationinc reported a deficit of $32K, with expenses exceeding revenue. The organization holds $1 in liabilities against $3.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $157K | $190K | $3.5M | $1 | — | — |
| 2022 | $234K | $248K | $3.5M | $1 | — | View 990 |
| 2021 | $119K | $242K | $3.5M | $1 | — | View 990 |
| 2020 | $216K | $242K | $3.6M | $1 | — | — |
| 2019 | $304K | $267K | $3.6M | $0 | — | View 990 |
| 2015 | $157K | $319K | $3.9M | $0 | — | View 990 |
| 2014 | $158K | $218K | $4.1M | $0 | — | View 990 |
| 2013 | $191K | $211K | $4.1M | $0 | — | View 990 |
| 2012 | $276K | $251K | $4.1M | $1 | — | View 990 |
| 2011 | $57K | $184K | $4.1M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $157K, expenses of $190K, and assets of $3.5M (revenue -32.9% year-over-year).
- 2022: Revenue of $234K, expenses of $248K, and assets of $3.5M (revenue +97.2% year-over-year).
- 2021: Revenue of $119K, expenses of $242K, and assets of $3.5M (revenue -45.0% year-over-year).
- 2020: Revenue of $216K, expenses of $242K, and assets of $3.6M (revenue -29.0% year-over-year).
- 2019: Revenue of $304K, expenses of $267K, and assets of $3.6M (revenue +93.5% year-over-year).
- 2015: Revenue of $157K, expenses of $319K, and assets of $3.9M (revenue -0.9% year-over-year).
- 2014: Revenue of $158K, expenses of $218K, and assets of $4.1M (revenue -17.1% year-over-year).
- 2013: Revenue of $191K, expenses of $211K, and assets of $4.1M (revenue -30.8% year-over-year).
- 2012: Revenue of $276K, expenses of $251K, and assets of $4.1M (revenue +384.1% year-over-year).
- 2011: Revenue of $57K, expenses of $184K, and assets of $4.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Howard Family Charitable Foundationinc:
Data Sources and Methodology
This transparency report for Howard Family Charitable Foundationinc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.