Hobgood Academy Charter School Inc
EIN: 832001956 · Hobgood, NC · NTEE: B29
| Metric | Value |
|---|---|
| Total Revenue | $7.6M |
| Total Expenses | $4.4M |
| Net Assets | $2.4M |
Is Hobgood Academy Charter School Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hobgood Academy Charter School Inc
Hobgood Academy Charter School Inc (EIN: 832001956) is a nonprofit organization based in Hobgood, NC, classified under NTEE code B29. The organization reported total revenue of $7.6M and total assets of $9.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hobgood Academy Charter School Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hobgood Academy Charter School Inc is a mid-size nonprofit that has been operating for 6 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 37.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.3M |
| Total Expenses | $4.4M |
| Surplus / Deficit | +$911K |
| Total Assets | $2.7M |
| Total Liabilities | $365K |
| Net Assets | $2.4M |
| Operating Margin | 17.1% |
| Debt-to-Asset Ratio | 13.4% |
| Months of Reserves | 7.4 months |
Financial Health Grade: A
In 2023, Hobgood Academy Charter School Inc reported a surplus of $911K with revenue exceeding expenses, holds 7.4 months of operating reserves (strong position), has a debt-to-asset ratio of 13.4% (very low leverage).
Financial Trends
Over 4 years of filings (2020–2023), Hobgood Academy Charter School Inc's revenue has grown at a compound annual growth rate (CAGR) of 37.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +25.5% | +15.8% | +48.3% |
| 2022 | +37.9% | +59.9% | +75.7% |
| 2021 | +48.9% | +37.4% | +216.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hobgood Academy Charter School Inc 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 Hobgood Academy Charter School Inc 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $911K, with revenue exceeding expenses.
- Debt-to-asset ratio: 13.4%.
Frequently Asked Questions about Hobgood Academy Charter School Inc
Is Hobgood Academy Charter School Inc a legitimate charity?
Hobgood Academy Charter School Inc (EIN: 832001956) is a registered tax-exempt nonprofit based in North Carolina. It has 4 years of IRS 990 filings on record. Total revenue: $7.6M. No red flags identified. Financial health grade: A.
How does Hobgood Academy Charter School Inc spend its money?
Hobgood Academy Charter School Inc reported $7.6M in total revenue in IRS 990 filings. 4 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Hobgood Academy Charter School Inc tax-deductible?
Hobgood Academy Charter School Inc is registered as a tax-exempt nonprofit (EIN: 832001956). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hobgood Academy Charter School Inc located?
Hobgood Academy Charter School Inc is headquartered in Hobgood, North Carolina and files with the IRS under EIN 832001956. It is classified under NTEE code B29.
How many years of IRS 990 filings does Hobgood Academy Charter School Inc have?
Hobgood Academy Charter School Inc has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $7.6M in total revenue.
Filing History
IRS 990 filing history for Hobgood Academy Charter School Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Hobgood Academy Charter School Inc's revenue has grown by 157.8%, moving from $2.1M to $5.3M. Total assets increased by 725.2% over the same period, from $331K to $2.7M. Total functional expenses rose by 154.4%, from $1.7M to $4.4M. In its most recent filing year (2023), Hobgood Academy Charter School Inc reported a surplus of $911K, with revenue exceeding expenses. The organization holds $365K in liabilities against $2.7M in assets (debt-to-asset ratio: 13.4%), resulting in net assets of $2.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.3M | $4.4M | $2.7M | $365K | — | View 990 |
| 2022 | $4.2M | $3.8M | $1.8M | $387K | — | View 990 |
| 2021 | $3.1M | $2.4M | $1.0M | $24K | — | View 990 |
| 2020 | $2.1M | $1.7M | $331K | $114 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.3M, expenses of $4.4M, and assets of $2.7M (revenue +25.5% year-over-year).
- 2022: Revenue of $4.2M, expenses of $3.8M, and assets of $1.8M (revenue +37.9% year-over-year).
- 2021: Revenue of $3.1M, expenses of $2.4M, and assets of $1.0M (revenue +48.9% year-over-year).
- 2020: Revenue of $2.1M, expenses of $1.7M, and assets of $331K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hobgood Academy Charter School Inc:
Data Sources and Methodology
This transparency report for Hobgood Academy Charter School Inc 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.