Wee Kids Kountry Klub Inc of Hobbs

Analysis

Wee Kids Kountry Klub Inc of Hobbs is a registered charity in United States, based in Hobbs, NM. It received its IRS tax-exemption ruling in March 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Wee Kids Kountry Klub Inc of Hobbs reported income of $1.8m and spending of $2.1m, spending 114% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.6m to $1.8m (+14%), an average of +4.6% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wee Kids Kountry Klub Inc of Hobbs sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within NM. Charities of a similar size with the same main cause include Rebuilding Together Valley of the Sun Inc ($1.8m), Ontrack Program Resources Inc ($1.8m) and Casa of Lexington Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $146k (7.1% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $400k against liabilities of $3,401, net assets of $397k. It reported 42 employees.