Just Hoop Inc

Analysis

Just Hoop Inc is a registered charity in United States, based in San Leandro, CA. It received its IRS tax-exemption ruling in April 2017, 9 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, Just Hoop Inc reported income of $819k and spending of $861k, spending 105% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $413k to $819k (+98%), an average of +41% a year. The sharpest change came in the year to December 2022, when income rose by 60%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Just Hoop Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Son Broadcasting Inc ($819k), Calwild ($819k) and Habitat for Humanity International Inc ($819k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $117k (14% of expenses). Other salaries and wages came to $74k. At year end it held assets of $196k against liabilities of $296k, net assets of -$100k. It reported 15 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.