Hoops House

Analysis

Hoops House is a registered charity in United States, based in Sierra Vista, AZ. It received its IRS tax-exemption ruling in March 2016, 10 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, Hoops House reported income of $346k and spending of $351k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $212k to $346k (+63%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 35%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hoops House sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within AZ. Charities of a similar size with the same main cause include Lindell Study Center ($346k), Healthy Hood Chicago ($346k) and Association of Independent Consumer Credit Counseling Agencies Inc ($346k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $61k (17% of expenses). Other salaries and wages came to $112k. At year end it held assets of $2,434 against liabilities of $0, net assets of $2,434. It reported 5 employees.