Hospitality Business Network Foundation Inc

Analysis

Hospitality Business Network Foundation Inc is a registered charity in United States, based in Marietta, GA. It received its IRS tax-exemption ruling in November 2013, 13 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, Hospitality Business Network Foundation Inc reported income of $120k and spending of $116k, spending 96% of its income. Across the 3 years on record, from December 2019 to December 2023, income fell from $219k to $120k (-45%), an average of -26% a year. The sharpest change came in the year to December 2022, when income dropped by 55%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hospitality Business Network Foundation Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 44th percentile within GA. Charities of a similar size with the same main cause include Ruths Schools Inc ($120k), Friends of the Sierra Madre Library ($120k) and Kiwanis Club of Chatsworth ($120k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 1.5% of the total. At year end it held assets of $37k against liabilities of $0, net assets of $37k.