Hobby Horse House of Jacksonville

Analysis

Hobby Horse House of Jacksonville is a registered charity in United States, based in Jacksonville, IL. It received its IRS tax-exemption ruling in April 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Hobby Horse House of Jacksonville reported income of $2.5m and spending of $2.2m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $405k to $2.5m (+527%), an average of +58% a year. The sharpest change came in the year to June 2022, when income rose by 260%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hobby Horse House of Jacksonville sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within IL. Charities of a similar size with the same main cause include Chastella Inc ($2.5m), Bright Futures ($2.5m) and Nueva Luz Urban Resource Center ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.8% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $39k (1.8% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $975k against liabilities of $87k, net assets of $888k.