The George And Victoria Hobson Foundation
The George And Victoria Hobson Foundation experienced a significant financial deficit in its latest filing, with expenses nearly doubling revenue.
EIN: 206384026 · Orem, UT · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $669K |
| Total Expenses | $708K |
| Program Spending | 70% |
| Net Assets | $11K |
| Transparency Score | 45/100 |
Is The George And Victoria Hobson Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The George And Victoria Hobson Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About The George And Victoria Hobson Foundation
The George And Victoria Hobson Foundation (EIN: 206384026) is a nonprofit organization based in Orem, UT, classified under NTEE code T22. The organization reported total revenue of $669K and total assets of $11K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The George And Victoria Hobson Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The George And Victoria Hobson Foundation is a small nonprofit that has been operating for 21 years, with 6 years of IRS 990 filings on record (2011–2019). Revenue has grown at a compound annual rate of 41.0%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $391K |
| Total Expenses | $708K |
| Surplus / Deficit | $-316,490 |
| Total Assets | $11K |
| Total Liabilities | $1 |
| Net Assets | $11K |
| Operating Margin | -80.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 0.2 months |
Financial Health Grade: C
In 2019, The George And Victoria Hobson Foundation reported a deficit of $316K with expenses exceeding revenue, holds 0.2 months of operating reserves (limited), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 6 years of filings (2011–2019), The George And Victoria Hobson Foundation's revenue has grown at a compound annual growth rate (CAGR) of 41.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | +1412.5% | +1962.6% | -96.4% |
| 2015 | -1.3% | +0.9% | -2.7% |
| 2014 | +95.3% | +7.6% | -2.5% |
| 2013 | +48.3% | +1.3% | -5.4% |
| 2012 | -63.9% | +1.5% | -6.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 The George And Victoria Hobson Foundation with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, The George And Victoria Hobson Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $316K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported at 0% across all available filings, which is commendable and suggests that leadership is not drawing a salary from the organization's funds, especially given its relatively small and declining asset base.
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 The George And Victoria Hobson Foundation's IRS 990 filings:
- Significant and recurring operational deficits, with expenses exceeding revenue in multiple periods, most notably in 201912 ($707,736 expenses vs. $391,246 revenue).
- Dramatic decline in assets from $356,700 in 2011 to $10,798 in 2019, indicating depletion of reserves.
- Lack of detailed expense breakdown in the provided data makes it difficult to fully assess spending efficiency.
Strengths
The following positive indicators were identified for The George And Victoria Hobson Foundation:
- 0% officer compensation reported across all available filings, indicating no executive salaries are drawn from the organization's funds.
- Long filing history (6 filings), suggesting a degree of consistent reporting, though financial health has deteriorated.
Frequently Asked Questions about The George And Victoria Hobson Foundation
Is The George And Victoria Hobson Foundation a legitimate charity?
The George And Victoria Hobson Foundation (EIN: 206384026) is a registered tax-exempt nonprofit based in Utah. Our AI analysis gives it a Mission Score of 45/100. It has 6 years of IRS 990 filings on record. Total revenue: $669K. 3 red flags identified. 2 strengths noted. Financial health grade: C.
How does The George And Victoria Hobson Foundation spend its money?
The George And Victoria Hobson Foundation directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to The George And Victoria Hobson Foundation tax-deductible?
The George And Victoria Hobson Foundation is registered as a tax-exempt nonprofit (EIN: 206384026). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The George And Victoria Hobson Foundation's spending goes to programs?
The George And Victoria Hobson Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does The George And Victoria Hobson Foundation compare to similar nonprofits?
With a transparency score of 45/100 (Fair), The George And Victoria Hobson Foundation is near average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The George And Victoria Hobson Foundation located?
The George And Victoria Hobson Foundation is headquartered in Orem, Utah and files with the IRS under EIN 206384026. It is classified under NTEE code T22.
How many years of IRS 990 filings does The George And Victoria Hobson Foundation have?
The George And Victoria Hobson Foundation has 6 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 $669K in total revenue.
Is The George And Victoria Hobson Foundation financially sustainable?
Based on the latest filing (201912) where expenses ($707,736) significantly exceeded revenue ($391,246), and a consistent trend of expenses outpacing revenue in prior years, the organization's financial sustainability appears to be at risk. Its assets have also declined sharply from $356,700 in 2011 to $10,798 in 2019.
What caused the significant drop in assets from 2015 to 2019?
The provided data shows assets dropped from $300,079 in 2015 to $10,798 in 2019. This substantial decrease, coupled with consistent operational deficits, suggests the organization has been drawing down its reserves to cover expenses.
How does the organization plan to address its recurring deficits?
The provided IRS 990 data does not offer insights into the organization's future financial strategies or plans to address the recurring deficits observed in its filings.
Filing History
IRS 990 filing history for The George And Victoria Hobson Foundation showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2019), The George And Victoria Hobson Foundation's revenue has grown by 1463.2%, moving from $25K to $391K. Total assets decreased by 97% over the same period, from $357K to $11K. Total functional expenses rose by 2201.8%, from $31K to $708K. In its most recent filing year (2019), The George And Victoria Hobson Foundation reported a deficit of $316K, with expenses exceeding revenue. The organization holds $1 in liabilities against $11K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $11K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $391K | $708K | $11K | $1 | — | — |
| 2015 | $26K | $34K | $300K | $0 | — | View 990 |
| 2014 | $26K | $34K | $309K | $0 | — | View 990 |
| 2013 | $13K | $32K | $316K | $0 | — | View 990 |
| 2012 | $9K | $31K | $335K | $0 | — | View 990 |
| 2011 | $25K | $31K | $357K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $391K, expenses of $708K, and assets of $11K (revenue +1412.5% year-over-year).
- 2015: Revenue of $26K, expenses of $34K, and assets of $300K (revenue -1.3% year-over-year).
- 2014: Revenue of $26K, expenses of $34K, and assets of $309K (revenue +95.3% year-over-year).
- 2013: Revenue of $13K, expenses of $32K, and assets of $316K (revenue +48.3% year-over-year).
- 2012: Revenue of $9K, expenses of $31K, and assets of $335K (revenue -63.9% year-over-year).
- 2011: Revenue of $25K, expenses of $31K, and assets of $357K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The George And Victoria Hobson Foundation:
Data Sources and Methodology
This transparency report for The George And Victoria Hobson 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.