Hobo Hotel Inc

Analysis

Hobo Hotel Inc is a registered charity in United States, based in Lake Charles, LA. It received its IRS tax-exemption ruling in February 2007, 19 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, Hobo Hotel Inc reported income of $236k and spending of $265k, spending 112% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $276k to $236k (-15%), an average of -5.1% a year. The sharpest change came in the year to December 2021, when income rose by 117%. Over the whole period it spent 62% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Hobo Hotel Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within LA. Charities of a similar size with the same main cause include Barn Nature Center Foundation ($235k), Westiemed Inc ($236k) and Ninth Life Rescue Center ($235k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 20% of the total. Other salaries and wages came to $54k. At year end it held assets of $646k against liabilities of $0, net assets of $646k.