Hob Community Development Corporation

Analysis

Hob Community Development Corporation is a registered charity in United States, based in Hattiesburg, MS. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Hob Community Development Corporation reported income of $62k and spending of $51k, spending 83% of its income. Across the 2 years on record, from December 2021 to December 2022, income fell from $109k to $62k (-43%), an average of -43% a year. The sharpest change came in the year to December 2022, when income dropped by 43%. Over the whole period it spent 80% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hob Community Development Corporation sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 25th percentile within MS. Charities of a similar size with the same main cause include Cityserve KC Co ($62k), Heartline Ministry Inc ($62k) and Francis Wayland Foundation of Wisconsin ($61k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $10k against liabilities of $0, net assets of $10k.