Hov Recreational Foundation

Analysis

Hov Recreational Foundation is a registered charity in United States, based in Ada, MN. It received its IRS tax-exemption ruling in October 2018, 8 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Hov Recreational Foundation reported income of $61k and spending of $60k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $112k to $61k (-45%), an average of -45% a year. The sharpest change came in the year to December 2023, when income dropped by 45%. Over the whole period it spent 39% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Hov Recreational Foundation 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 20th percentile within MN. Charities of a similar size with the same main cause include Travis Best Foundation Inc ($61k), Kids Quest ($61k) and Hanford Ffa Parents Club ($61k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $59k against liabilities of $37k, net assets of $23k.