150 Hooper Inc

Analysis

150 Hooper Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in July 2018, 8 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, 150 Hooper Inc reported income of $1.9m and spending of $2.3m, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.9m (+28%), an average of +6.4% a year. The sharpest change came in the year to December 2023, when income rose by 127%. Over the whole period it spent 139% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, 150 Hooper Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Better Atx ($1.9m), Midtown Improvement and Development Corporation ($1.9m) and LA Jolla Community Foundation ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.9% and program service revenue 92% of the total. Other salaries and wages came to $46k. At year end it held assets of $35.3m against liabilities of $23.8m, net assets of $11.5m. It reported 1 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.