Hubbard House Foundation Inc

Hubbard House Foundation Inc. shows strong asset growth and zero officer compensation despite volatile revenue.

EIN: 203809007 · Jacksonville, FL · NTEE: P114 · Updated: 2026-03-28

$2.2MRevenue

$9.2MAssets

85/100Mission Score (Excellent)

P114

About Hubbard House Foundation Inc

Hubbard House Foundation Inc (EIN: 203809007) is a nonprofit organization based in Jacksonville, FL, classified under NTEE code P114. The organization reported total revenue of $2.2M and total assets of $9.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hubbard House Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Hubbard House Foundation Inc. demonstrates a mixed financial picture with significant fluctuations in revenue over the past few years. While the organization reported a positive revenue of $1,040,772 in 2023 and $2,243,716 in 2021, there was a notable negative revenue of $-1,021,765 in 2022. Despite these revenue swings, the foundation consistently maintains substantial assets, reaching $9,230,498 in its latest filing and $8,405,541 in 2023, indicating a strong financial base. The organization's expenses have remained relatively stable, generally ranging between $400,000 and $500,000 annually, with a peak of $689,256 in 2016. This stability in expenses, coupled with fluctuating revenue, suggests a need for careful financial management to ensure long-term sustainability.

Spending efficiency appears to be strong, as the organization consistently reports 0% officer compensation across all available filings, indicating that all funds are directed towards programs and operational costs rather than executive salaries. This commitment to minimizing administrative overhead is a significant positive. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is challenging. The consistent growth in assets, from $7,016,468 in 2016 to $9,230,498 currently, suggests effective asset management and potentially strong investment returns or significant non-cash contributions.

Transparency is generally good given the availability of 13 years of IRS 990 filings. The consistent reporting of 0% officer compensation is a clear indicator of financial transparency regarding executive pay. However, the lack of specific program, administrative, and fundraising expense breakdowns in the provided data limits a deeper analysis of how funds are allocated. Further details on these categories would enhance the organization's transparency and allow for a more granular assessment of its spending priorities.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Hubbard House Foundation Inc with a Mission Score of 85 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: 10%
programs: 90%
fundraising: 0%

According to IRS 990 filings, Hubbard House Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Hubbard House Foundation Inc. consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly commendable for a nonprofit of its size with assets exceeding $9 million.

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 Hubbard House Foundation Inc's IRS 990 filings:

Significant negative revenue reported in 2022 ($-1,021,765) without immediate explanation in the summary data.
Large fluctuations in annual revenue, making financial forecasting and stability assessment challenging.

Strengths

The following positive indicators were identified for Hubbard House Foundation Inc:

Consistent 0% officer compensation across all reported years, indicating strong commitment to mission over executive pay.
Substantial and growing asset base, reaching $9,230,498, providing financial stability.
Long history of IRS 990 filings (13 filings), demonstrating consistent compliance and transparency.
Relatively stable expenses despite revenue volatility, suggesting controlled operational costs.

Frequently Asked Questions about Hubbard House Foundation Inc

Is Hubbard House Foundation Inc. a good charity?

Based on the available data, Hubbard House Foundation Inc. appears to be a good charity. It maintains substantial assets ($9,230,498), consistently reports 0% officer compensation, and has a long history of IRS filings, suggesting strong financial stewardship and a focus on its mission rather than executive pay.

Why was there negative revenue in 2022?

The negative revenue of $-1,021,765 in 2022 is a significant anomaly that warrants further investigation. This could be due to a large asset write-down, a return of grants, or a significant accounting adjustment. Without more detailed financial statements, the exact reason cannot be determined from the provided 990 summary.

How does the organization manage its assets?

The organization has shown consistent asset growth, from $7,016,468 in 2016 to $9,230,498 currently. This suggests effective asset management, potentially through investments or significant non-cash contributions, allowing it to build a strong financial base despite revenue fluctuations.

What is the primary use of the organization's funds?

Given the 0% officer compensation and the nature of a foundation (NTEE P114), it's highly probable that the vast majority of funds are used for program services or grants to support its mission, with a minimal portion for administrative overhead. A detailed breakdown would confirm this, but the current data points to a strong program focus.

Filing History

IRS 990 filing history for Hubbard House Foundation Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Hubbard House Foundation Inc's revenue has declined by 49.1%, moving from $2.0M to $1.0M. Total assets increased by 42.1% over the same period, from $5.9M to $8.4M. Total functional expenses rose by 105.4%, from $239K to $491K. In its most recent filing year (2023), Hubbard House Foundation Inc reported a surplus of $550K, with revenue exceeding expenses. The organization holds $7K in liabilities against $8.4M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $8.4M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$1.0M	$491K	$8.4M	$7K	—	View 990
2022	$-1,021,765	$540K	$7.9M	$5K	—	View 990
2021	$2.2M	$461K	$9.4M	$0	—	View 990
2020	$260K	$412K	$7.6M	$0	—	View 990
2019	$599K	$454K	$7.8M	$0	—	View 990
2018	$656K	$416K	$7.6M	$0	—	View 990
2017	$797K	$420K	$7.4M	$0	—	View 990
2016	$213K	$689K	$7.0M	$0	—	View 990
2015	$783K	$440K	$7.5M	$0	—	View 990
2014	$1.3M	$358K	$7.7M	$0	—	View 990
2013	$703K	$329K	$6.2M	$0	—	View 990
2012	$350K	$521K	$5.6M	$0	—	View 990
2011	$2.0M	$239K	$5.9M	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $1.0M, expenses of $491K, and assets of $8.4M.
2022: Revenue of $-1,021,765, expenses of $540K, and assets of $7.9M (revenue -145.5% year-over-year).
2021: Revenue of $2.2M, expenses of $461K, and assets of $9.4M (revenue +762.5% year-over-year).
2020: Revenue of $260K, expenses of $412K, and assets of $7.6M (revenue -56.6% year-over-year).
2019: Revenue of $599K, expenses of $454K, and assets of $7.8M (revenue -8.7% year-over-year).
2018: Revenue of $656K, expenses of $416K, and assets of $7.6M (revenue -17.6% year-over-year).
2017: Revenue of $797K, expenses of $420K, and assets of $7.4M (revenue +273.9% year-over-year).
2016: Revenue of $213K, expenses of $689K, and assets of $7.0M (revenue -72.8% year-over-year).
2015: Revenue of $783K, expenses of $440K, and assets of $7.5M (revenue -39.8% year-over-year).
2014: Revenue of $1.3M, expenses of $358K, and assets of $7.7M (revenue +85.2% year-over-year).
2013: Revenue of $703K, expenses of $329K, and assets of $6.2M (revenue +100.8% year-over-year).
2012: Revenue of $350K, expenses of $521K, and assets of $5.6M (revenue -82.9% year-over-year).
2011: Revenue of $2.0M, expenses of $239K, and assets of $5.9M.

Data Sources and Methodology

This transparency report for Hubbard House Foundation 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.