Hobarts Run Neighborhood District

Analysis

Hobarts Run Neighborhood District is a registered charity in United States, based in Pottstown, PA. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, Hobarts Run Neighborhood District reported income of $95k and spending of $116k, spending 122% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $31k to $95k (+200%), an average of +32% a year. The sharpest change came in the year to June 2022, when income rose by 446%. Over the whole period it spent 72% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hobarts Run Neighborhood District sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within PA. Charities of a similar size with the same main cause include Friends of Flagstaffs Future ($95k), Golden Visitors Center ($95k) and Oak Hill Avenue Improvement Corp ($95k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% of the total. Other salaries and wages came to $21k. At year end it held assets of $262k against liabilities of $0, net assets of $262k.