Hibbing Hoop Club Inc

Analysis

Hibbing Hoop Club Inc is a registered charity in United States, based in Hibbing, MN. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hibbing Hoop Club Inc reported income of $92k and spending of $59k, leaving 36% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $53k to $92k (+73%), an average of +73% a year. The sharpest change came in the year to December 2023, when income rose by 73%. Over the whole period it spent 79% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Hibbing Hoop Club Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 32nd percentile within MN. Charities of a similar size with the same main cause include Snowdays Foundation ($92k), Nashville Soccer United ($92k) and Fca Parent Organization ($92k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 35% of the total. At year end it held assets of $63k against liabilities of $0, net assets of $63k.