Bob Hoover Academy

Analysis

Bob Hoover Academy is a registered charity in United States, based in Salinas, CA. It received its IRS tax-exemption ruling in June 2014, 12 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 December 2023, Bob Hoover Academy reported income of $722k and spending of $626k, spending 87% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $275k to $722k (+163%), an average of +38% a year. The sharpest change came in the year to December 2021, when income rose by 154%. Over the whole period it spent 53% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bob Hoover Academy sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include Apple Blossom School and Family Center ($722k), Indiana Non-Public Education Association ($723k) and Sunshine Nursery School Inc 01-85 ($722k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.0% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.