Hobey Baker Memorial Award Foundation

Analysis

Hobey Baker Memorial Award Foundation is a registered charity in United States, based in Eden Prairie, MN. It received its IRS tax-exemption ruling in September 1992, 34 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, Hobey Baker Memorial Award Foundation reported income of $168k and spending of $106k, leaving 37% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $102k to $168k (+64%), an average of +28% a year. The sharpest change came in the year to June 2023, when income rose by 60%. Over the whole period it spent 54% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hobey Baker Memorial Award Foundation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within MN. Charities of a similar size with the same main cause include Hai Hwa Fundation in ($168k), Anna Maria Elementary Parent Teachers Organization ($168k) and Council on Immigrant Relations ($168k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 167% of the total. At year end it held assets of $461k against liabilities of $0, net assets of $461k.