Hobson House Association Inc

Analysis

Hobson House Association Inc is a registered charity in United States, based in Bowling Green, KY. It received its IRS tax-exemption ruling in April 1967, 59 years ago. 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, Hobson House Association Inc reported income of $151k and spending of $178k, spending 117% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $240k to $151k (-37%), an average of -37% a year. The sharpest change came in the year to December 2023, when income dropped by 37%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hobson House Association Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within KY. Charities of a similar size with the same main cause include Catholic Youth Expeditions Inc ($151k), Helena Lions Swim Team ($151k) and Hope in the Air ($151k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 14% of the total. Other salaries and wages came to $67k. At year end it held assets of $415k against liabilities of $911, net assets of $414k. It reported 9 employees.