HBC Champions Foundation Inc

Analysis

HBC Champions Foundation Inc is a registered charity in United States, based in Norman, OK. It received its IRS tax-exemption ruling in November 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, HBC Champions Foundation Inc reported income of $244k and spending of $257k, spending 105% of what it took in. Across the 5 years on record, from December 2018 to December 2023, income fell from $368k to $244k (-34%), an average of -9.7% a year. The sharpest change came in the year to December 2022, when income rose by 576%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, HBC Champions Foundation Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 59th percentile within OK. Charities of a similar size with the same main cause include East Valley Firefighter Charitiesfoundation Inc ($244k), People Center Inc ($244k) and Erika Whitmore Godwin Foundation ($244k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $66k against liabilities of $0, net assets of $66k.