Hoban Family Charitable Foundation
Hoban Family Charitable Foundation consistently spends more than it earns, maintaining assets through prior contributions and no officer compensation.
EIN: 205256729 · Chicago, IL · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $496K |
| Total Expenses | $273K |
| Program Spending | 85% |
| Net Assets | $2.0M |
| Transparency Score | 80/100 |
Is Hoban Family Charitable Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hoban Family Charitable Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hoban Family Charitable Foundation
Hoban Family Charitable Foundation (EIN: 205256729) is a nonprofit organization based in Chicago, IL, classified under NTEE code T22. The organization reported total revenue of $496K and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hoban Family Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hoban Family Charitable Foundation is a small nonprofit that has been operating for 20 years, with 9 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 3.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $99K |
| Total Expenses | $273K |
| Surplus / Deficit | $-173,521 |
| Total Assets | $2.0M |
| Total Liabilities | $1 |
| Net Assets | $2.0M |
| Operating Margin | -174.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 90.1 months |
Financial Health Grade: B
In 2023, Hoban Family Charitable Foundation reported a deficit of $174K with expenses exceeding revenue, holds 90.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2012–2023), Hoban Family Charitable Foundation's revenue has grown at a compound annual growth rate (CAGR) of 3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -23.3% | -13.6% | -7.8% |
| 2022 | -42.6% | +67.8% | -7.8% |
| 2021 | +27.7% | -16.1% | +1.5% |
| 2020 | +234.6% | +32.7% | +5.7% |
| 2016 | -57.7% | +3.4% | -5.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hoban Family Charitable Foundation with a Mission Score of 80 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 85%
- fundraising: 0%
According to IRS 990 filings, Hoban Family Charitable Foundation allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $174K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are not compensated, which is a positive sign for resource allocation towards the foundation's mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Hoban Family Charitable Foundation's IRS 990 filings:
- Consistent annual expenses exceeding revenue, potentially indicating reliance on asset drawdowns rather than sustainable income.
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data makes precise spending efficiency analysis difficult.
Strengths
The following positive indicators were identified for Hoban Family Charitable Foundation:
- Consistent 0% officer compensation, indicating high volunteerism at the leadership level and efficient use of funds.
- Stable asset base over a decade, suggesting prudent management of its endowment despite revenue deficits.
- Consistent IRS 990 filing history, demonstrating good transparency and compliance.
Frequently Asked Questions about Hoban Family Charitable Foundation
Is Hoban Family Charitable Foundation a legitimate charity?
Hoban Family Charitable Foundation (EIN: 205256729) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 80/100. It has 9 years of IRS 990 filings on record. Total revenue: $496K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Hoban Family Charitable Foundation spend its money?
Hoban Family Charitable Foundation directs 85% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Hoban Family Charitable Foundation tax-deductible?
Hoban Family Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 205256729). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Hoban Family Charitable Foundation compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Hoban Family Charitable Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hoban Family Charitable Foundation located?
Hoban Family Charitable Foundation is headquartered in Chicago, Illinois and files with the IRS under EIN 205256729. It is classified under NTEE code T22.
How many years of IRS 990 filings does Hoban Family Charitable Foundation have?
Hoban Family Charitable Foundation has 9 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $496K in total revenue.
Is the Hoban Family Charitable Foundation financially sustainable given its consistent revenue deficit?
The foundation consistently reports expenses exceeding revenue, for example, $272,822 in expenses vs. $99,301 in revenue in 2023. While its assets have remained relatively stable, this pattern suggests it is drawing down its endowment or relying on infrequent large contributions rather than sustainable annual income generation.
What is the primary use of the foundation's funds?
As a private grantmaking foundation (NTEE T22), its primary use of funds would be making grants to other organizations or individuals. Without a detailed expense breakdown beyond total expenses, it's difficult to ascertain the exact proportion, but the absence of officer compensation suggests a focus on its core mission.
How does the lack of officer compensation impact the foundation's operations?
The consistent 0% officer compensation indicates that leadership is likely volunteering their time. This can lead to a higher percentage of funds being available for programmatic activities and grants, but it could also imply a smaller operational footprint or reliance on external, non-compensated expertise.
Filing History
IRS 990 filing history for Hoban Family Charitable Foundation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2012–2023), Hoban Family Charitable Foundation's revenue has grown by 44%, moving from $69K to $99K. Total assets decreased by 18.7% over the same period, from $2.5M to $2.0M. Total functional expenses rose by 82.1%, from $150K to $273K. In its most recent filing year (2023), Hoban Family Charitable Foundation reported a deficit of $174K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $99K | $273K | $2.0M | $1 | — | View 990 |
| 2022 | $130K | $316K | $2.2M | $1 | — | View 990 |
| 2021 | $226K | $188K | $2.4M | $1 | — | View 990 |
| 2020 | $177K | $224K | $2.4M | $1 | — | — |
| 2016 | $53K | $169K | $2.2M | $0 | — | View 990 |
| 2015 | $125K | $163K | $2.4M | $0 | — | View 990 |
| 2014 | $154K | $169K | $2.4M | $0 | — | View 990 |
| 2013 | $48K | $149K | $2.4M | $0 | — | View 990 |
| 2012 | $69K | $150K | $2.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $99K, expenses of $273K, and assets of $2.0M (revenue -23.3% year-over-year).
- 2022: Revenue of $130K, expenses of $316K, and assets of $2.2M (revenue -42.6% year-over-year).
- 2021: Revenue of $226K, expenses of $188K, and assets of $2.4M (revenue +27.7% year-over-year).
- 2020: Revenue of $177K, expenses of $224K, and assets of $2.4M (revenue +234.6% year-over-year).
- 2016: Revenue of $53K, expenses of $169K, and assets of $2.2M (revenue -57.7% year-over-year).
- 2015: Revenue of $125K, expenses of $163K, and assets of $2.4M (revenue -19.0% year-over-year).
- 2014: Revenue of $154K, expenses of $169K, and assets of $2.4M (revenue +224.3% year-over-year).
- 2013: Revenue of $48K, expenses of $149K, and assets of $2.4M (revenue -31.1% year-over-year).
- 2012: Revenue of $69K, expenses of $150K, and assets of $2.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hoban Family Charitable Foundation:
Data Sources and Methodology
This transparency report for Hoban Family Charitable Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.