Hba Charitable Foundation

Analysis

Hba Charitable Foundation is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in January 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Charitable Foundation reported income of $108k and spending of $240k, spending 223% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $273k to $108k (-61%), an average of -21% a year. The sharpest change came in the year to December 2020, when income rose by 104%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hba Charitable Foundation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 39th percentile within OK. Charities of a similar size with the same main cause include Saddlebrook Rotary Club Foundation ($108k), Fight2feed a Charitable Organization ($108k) and Share Institute Inc ($108k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 109% of the total. At year end it held assets of $360k against liabilities of $0, net assets of $360k.

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.