Hoop Bus Inc

Analysis

Hoop Bus Inc is a registered charity in United States, based in Van Nuys, CA. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Hoop Bus Inc reported income of $1.6m and spending of $1.5m, spending 92% of its income. The sharpest change came in the year to December 2023, when income rose by 139%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Hoop Bus Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Allegheny Hockey Association ($1.6m), Greater Jacksonville Agricultural Fair Association Inc ($1.6m) and Marion County Agricultural Society Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $51k. At year end it held assets of $182k against liabilities of $49k, net assets of $133k.