Hobe Sound Lightning Baseball

Analysis

Hobe Sound Lightning Baseball is a registered charity in United States, based in Stuart, FL. It received its IRS tax-exemption ruling in September 2020, 6 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, Hobe Sound Lightning Baseball reported income of $54k and spending of $65k, spending 120% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $53k to $54k (+3.4%), an average of +3.4% a year. Over the whole period it spent 119% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hobe Sound Lightning Baseball sits at the 21st percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 25th percentile within FL. Charities of a similar size with the same main cause include Memorial Hospital Auxiliary Inc ($54k), Friends of Yeshiva Torath Avraham ($54k) and Alamo Dressage Association ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 48% of the total. At year end it held assets of $1 against liabilities of $20k, net assets of -$20k.