Hobbs Band Boosters

Analysis

Hobbs Band Boosters is a registered charity in United States, based in Hobbs, NM. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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 April 2024, Hobbs Band Boosters reported income of $65k and spending of $55k, spending 84% of its income. Across the 6 years on record, from April 2019 to April 2024, income fell from $128k to $65k (-49%), an average of -13% a year. The sharpest change came in the year to April 2022, when income rose by 444%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hobbs Band Boosters sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 21st percentile within NM. Charities of a similar size with the same main cause include Council on Accreditation of Parks Recreation Tourism & Related Profe ($65k), Chanhassen High School Dance Team Booster Club ($65k) and Landisville Elementary Centers Parent Teacher Organization ($65k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 22% and program service revenue 14% of the total. At year end it held assets of $38k against liabilities of $11k, net assets of $27k.