Hba Cares Inc

Analysis

Hba Cares Inc is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in January 2008, 18 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 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, Hba Cares Inc reported income of $169k and spending of $171k, spending 101% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $250k to $169k (-32%), an average of -18% a year. The sharpest change came in the year to December 2022, when income dropped by 33%. Over the whole period it spent 106% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hba Cares Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 46th percentile within CO. Charities of a similar size with the same main cause include Healing for the Nations Inc ($169k), Sheth Global Foundation Inc ($170k) and CMH Fashion Week Inc ($169k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 104% of the total. At year end it held assets of $276k against liabilities of $93k, net assets of $183k.