Hobart Ames Foundation

Analysis

Hobart Ames Foundation is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in July 1953, 73 years ago. Its declared purposes cover unknown, which this site groups under other charitable 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, Hobart Ames Foundation reported income of $5.9m and spending of $3.5m, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.9m to $5.9m (+102%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 175%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hobart Ames Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MA. Charities of a similar size with the same main cause include New Horizons Corp ($5.9m), Medical Rescue Team South Authortiy ($5.9m) and Political Economy Research Center Inc ($5.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $17k (0.5% of expenses). At year end it held assets of $16.8m against liabilities of $359k, net assets of $16.4m.