Hobbs Hispano Chamber Of Commercefoundation
EIN: 260812769 · Hobbs, NM · NTEE: B82
Is Hobbs Hispano Chamber Of Commercefoundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hobbs Hispano Chamber Of Commercefoundation
Hobbs Hispano Chamber Of Commercefoundation (EIN: 260812769) is a nonprofit organization based in Hobbs, NM, classified under NTEE code B82. The organization reported total revenue of $232K and total assets of $179K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hobbs Hispano Chamber Of Commercefoundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Hobbs Hispano Chamber Of Commercefoundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hobbs Hispano Chamber Of Commercefoundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Frequently Asked Questions about Hobbs Hispano Chamber Of Commercefoundation
Is Hobbs Hispano Chamber Of Commercefoundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Hobbs Hispano Chamber Of Commercefoundation (EIN: 260812769) insufficient data. 0 red flags identified, 0 strengths noted.
How does Hobbs Hispano Chamber Of Commercefoundation spend its money?
Detailed spending breakdown data is not yet available for Hobbs Hispano Chamber Of Commercefoundation. Check back for updated IRS 990 analysis.
Are donations to Hobbs Hispano Chamber Of Commercefoundation tax-deductible?
Hobbs Hispano Chamber Of Commercefoundation is registered as a tax-exempt nonprofit (EIN: 260812769). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Hobbs Hispano Chamber Of Commercefoundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hobbs Hispano Chamber Of Commercefoundation's revenue has declined by 81.5%, moving from $107K to $20K. Total assets decreased by 112.1% over the same period, from $40K to $-4,840. Total functional expenses fell by 75.4%, from $100K to $25K. In its most recent filing year (2023), Hobbs Hispano Chamber Of Commercefoundation reported a deficit of $5K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $20K | $25K | $-4,840 | $0 | — | — |
| 2022 | $0 | $5K | $-4,641 | $0 | — | View 990 |
| 2021 | $0 | $5K | $1 | $5K | — | — |
| 2020 | $24K | $33K | $111K | $0 | — | — |
| 2019 | $141K | $127K | $160K | $40K | — | View 990 |
| 2018 | $113K | $106K | $145K | $40K | — | View 990 |
| 2017 | $117K | $172K | $140K | $41K | — | View 990 |
| 2016 | $151K | $177K | $159K | $5K | — | View 990 |
| 2015 | $194K | $183K | $185K | $5K | — | View 990 |
| 2014 | $147K | $104K | $169K | $0 | — | View 990 |
| 2013 | $121K | $109K | $126K | $0 | — | View 990 |
| 2012 | $68K | $68K | $41K | $0 | — | View 990 |
| 2011 | $107K | $100K | $40K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $20K, expenses of $25K, and assets of $-4,840.
- 2022: Revenue of $0, expenses of $5K, and assets of $-4,641.
- 2021: Revenue of $0, expenses of $5K, and assets of $1 (revenue -100.0% year-over-year).
- 2020: Revenue of $24K, expenses of $33K, and assets of $111K (revenue -83.0% year-over-year).
- 2019: Revenue of $141K, expenses of $127K, and assets of $160K (revenue +24.6% year-over-year).
- 2018: Revenue of $113K, expenses of $106K, and assets of $145K (revenue -3.6% year-over-year).
- 2017: Revenue of $117K, expenses of $172K, and assets of $140K (revenue -22.4% year-over-year).
- 2016: Revenue of $151K, expenses of $177K, and assets of $159K (revenue -22.1% year-over-year).
- 2015: Revenue of $194K, expenses of $183K, and assets of $185K (revenue +32.5% year-over-year).
- 2014: Revenue of $147K, expenses of $104K, and assets of $169K (revenue +20.7% year-over-year).
- 2013: Revenue of $121K, expenses of $109K, and assets of $126K (revenue +77.4% year-over-year).
- 2012: Revenue of $68K, expenses of $68K, and assets of $41K (revenue -35.9% year-over-year).
- 2011: Revenue of $107K, expenses of $100K, and assets of $40K.
Data Sources and Methodology
This transparency report for Hobbs Hispano Chamber Of Commercefoundation 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.