HBSML Charitable Foundation

Analysis

HBSML Charitable Foundation is a registered charity in United States, based in Norman, OK. It received its IRS tax-exemption ruling in February 2022, 4 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, HBSML Charitable Foundation reported income of $213k and spending of $217k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $252k to $213k (-15%), an average of -15% a year. The sharpest change came in the year to December 2023, when income dropped by 15%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, HBSML Charitable Foundation 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 55th percentile, and in the 57th percentile within OK. Charities of a similar size with the same main cause include Waukee Athletic Club Inc ($213k), Falcon Volleyball Club ($213k) and MCQMRC ($213k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $34k. At year end it held assets of $2,165 against liabilities of $0, net assets of $2,165.