Hobart Group Homes Inc

Analysis

Hobart Group Homes Inc is a registered charity in United States, based in Hobart, OK. It received its IRS tax-exemption ruling in July 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Hobart Group Homes Inc reported income of $100k and spending of $111k, spending 111% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $82k to $100k (+22%), an average of +5.2% a year. Over the whole period it spent 118% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hobart Group Homes Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within OK. Charities of a similar size with the same main cause include Camps for Kids Inc ($100k), Vaughn Next Century Learning Centerfoundation ($100k) and Kirk Edward Nairn Memorial Scholarship Fund ($100k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. At year end it held assets of $358k against liabilities of $615k, net assets of -$257k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.