Philanthropy & Grantmaking
(T05)
IRS Verified
DX Registered
990 on File
T HOWARD FOUNDATION
Financial strength (30%)
61/100
Reliability (20%)
55/100
Effectiveness (25%)
51/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
T. Howard Foundation’s mission is to diversify the multimedia and entertainment industry by increasing the representation of minority young men and women within the industry. This is accomplished via a comprehensive program of internships and professional development. A 501(c) (3) non-profit, charitable organization, the Foundation conducts activities nationwide, working with diverse college students, colleges and universities, and multimedia companies to promote the value and benefits of diversity.
Financial Overview — FY 2023
$1.7M
Total Revenue
$2.2M
Total Expenses
$1.3M
Net Assets
15
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
51.1%
Fundraising Efficiency
0.2%
Operating Reserve
7.08x
Liability-to-Asset
44.1%
Revenue Diversification
90.2%
Executive Compensation
$504K
Compared with Peers
FY 2023
Compared with 7,743 similar organizations
(United States, Philanthropy & Grantmaking, $1M–$10M in expenses), FY 2023.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
51.1% | 91.8% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
48.9% | 8.1% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 1.9% |
P10P90
|
Above median |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
0.2% | 147.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
7.1 mo | 80.3 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
44.1% | 0.0% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
90.2% | 90.3% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
-1.7% | 3.2% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
21.9% | 6.5% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-25.4% | -4.8% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $1.7M | $2.2M | $1.3M | 51.1% | 15 |
| 2022 | $1.8M | $1.8M | $1.6M | 53.8% | 14 |
| 2021 | $1.8M | $1.5M | N/A | — | 14 |
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