Hlba Sports Inc

Analysis

Hlba Sports Inc is a registered charity in United States, based in Little Rock, AR. It received its IRS tax-exemption ruling in November 2021, 5 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hlba Sports Inc reported income of $540k and spending of $538k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $870k to $540k (-38%), an average of -38% a year. The sharpest change came in the year to December 2023, when income dropped by 38%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hlba Sports Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within AR. Charities of a similar size with the same main cause include Okoboji Bible Conference Ministries ($540k), Society of Plastics Engineers ($540k) and Caring 4 Kids Learning Center ($540k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. Other salaries and wages came to $109k. At year end it held assets of $24k against liabilities of $37k, net assets of -$13k. It reported 6 employees.