Whi Hobbs
EIN: 462550192 · Hobbs, NM · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $423K |
| Total Expenses | $318K |
| Net Assets | $286K |
Is Whi Hobbs Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Whi Hobbs
Whi Hobbs (EIN: 462550192) is a nonprofit organization based in Hobbs, NM, classified under NTEE code P20. The organization reported total revenue of $423K and total assets of $286K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Whi Hobbs's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Whi Hobbs is a small nonprofit that has been operating for 13 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 9.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $305K |
| Total Expenses | $318K |
| Surplus / Deficit | $-12,958 |
| Total Assets | $288K |
| Total Liabilities | $2K |
| Net Assets | $286K |
| Operating Margin | -4.2% |
| Debt-to-Asset Ratio | 0.7% |
| Months of Reserves | 10.9 months |
Financial Health Grade: B
In 2023, Whi Hobbs reported a deficit of $13K with expenses exceeding revenue, holds 10.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.7% (very low leverage).
Financial Trends
Over 10 years of filings (2014–2023), Whi Hobbs's revenue has grown at a compound annual growth rate (CAGR) of 9.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.8% | +29.7% | -4.2% |
| 2022 | +14.3% | +2.7% | +6.9% |
| 2021 | +26.9% | +24.2% | +3.2% |
| 2020 | +11.1% | +21.7% | +3.7% |
| 2019 | +20.7% | +45.6% | +6.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Whi Hobbs 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 Whi Hobbs 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 deficit of $13K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.7%.
Frequently Asked Questions about Whi Hobbs
Is Whi Hobbs a legitimate charity?
Whi Hobbs (EIN: 462550192) is a registered tax-exempt nonprofit based in New Mexico. It has 10 years of IRS 990 filings on record. Total revenue: $423K. No red flags identified. Financial health grade: B.
How does Whi Hobbs spend its money?
Whi Hobbs reported $423K in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Whi Hobbs tax-deductible?
Whi Hobbs is registered as a tax-exempt nonprofit (EIN: 462550192). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Whi Hobbs located?
Whi Hobbs is headquartered in Hobbs, New Mexico and files with the IRS under EIN 462550192. It is classified under NTEE code P20.
How many years of IRS 990 filings does Whi Hobbs have?
Whi Hobbs has 10 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 $423K in total revenue.
Filing History
IRS 990 filing history for Whi Hobbs showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Whi Hobbs's revenue has grown by 134.5%, moving from $130K to $305K. Total assets increased by 259.4% over the same period, from $80K to $288K. Total functional expenses rose by 378%, from $67K to $318K. In its most recent filing year (2023), Whi Hobbs reported a deficit of $13K, with expenses exceeding revenue. The organization holds $2K in liabilities against $288K in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $286K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $305K | $318K | $288K | $2K | — | — |
| 2022 | $278K | $245K | $301K | $2K | — | View 990 |
| 2021 | $243K | $239K | $282K | $15K | — | View 990 |
| 2020 | $192K | $192K | $273K | $11K | — | — |
| 2019 | $172K | $158K | $263K | $662 | — | View 990 |
| 2018 | $143K | $108K | $248K | $108 | — | View 990 |
| 2017 | $120K | $107K | $214K | $439 | — | View 990 |
| 2016 | $146K | $81K | $201K | $340 | — | View 990 |
| 2015 | $138K | $83K | $135K | $192 | — | View 990 |
| 2014 | $130K | $67K | $80K | $167 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $305K, expenses of $318K, and assets of $288K (revenue +9.8% year-over-year).
- 2022: Revenue of $278K, expenses of $245K, and assets of $301K (revenue +14.3% year-over-year).
- 2021: Revenue of $243K, expenses of $239K, and assets of $282K (revenue +26.9% year-over-year).
- 2020: Revenue of $192K, expenses of $192K, and assets of $273K (revenue +11.1% year-over-year).
- 2019: Revenue of $172K, expenses of $158K, and assets of $263K (revenue +20.7% year-over-year).
- 2018: Revenue of $143K, expenses of $108K, and assets of $248K (revenue +19.3% year-over-year).
- 2017: Revenue of $120K, expenses of $107K, and assets of $214K (revenue -18.2% year-over-year).
- 2016: Revenue of $146K, expenses of $81K, and assets of $201K (revenue +6.1% year-over-year).
- 2015: Revenue of $138K, expenses of $83K, and assets of $135K (revenue +6.1% year-over-year).
- 2014: Revenue of $130K, expenses of $67K, and assets of $80K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Whi Hobbs:
Data Sources and Methodology
This transparency report for Whi Hobbs 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.