Hofmann Mraz Care Home

Analysis

Hofmann Mraz Care Home is a registered charity in United States, based in Bonham, TX. It received its IRS tax-exemption ruling in June 1993, 33 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, Hofmann Mraz Care Home reported income of $427k and spending of $454k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $413k to $427k (+3.3%), an average of +0.8% a year. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hofmann Mraz Care Home sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 72nd percentile within TX. Charities of a similar size with the same main cause include Nuevo Sendero Inc ($427k), Society of North American Goldsmiths ($427k) and Ahepa 78 Phase IV Inc ($427k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $47k (10% of expenses). Other salaries and wages came to $152k. At year end it held assets of $104k against liabilities of $13k, net assets of $91k. It reported 20 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.