Hab Inc

Analysis

Hab Inc is a registered charity in United States, based in Steamboat SPR, CO. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hab Inc reported income of $144k and spending of $111k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $87k to $144k (+67%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 298%. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Hab Inc sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 43rd percentile within CO. Charities of a similar size with the same main cause include Proact Sports Intervention ($144k), Elbert County Wranglers Inc ($144k) and Flyaways Booster Club ($144k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $68k (61% of expenses). Other salaries and wages came to $1,530. At year end it held assets of $74k against liabilities of $3,937, net assets of $70k. It reported 2 employees.