Walter C Hobson Community Outreach Foundation Inc
Only null% goes to programs Strong reserves Growing revenue
Walter C Hobson Community Outreach Foundation Inc is a 501(c)(3) organization based in Annapolis, Maryland, registered in 2019, with $972 in FY2024 revenue. CharityIndex grades it C+.
166 Defense Hwy Ste 102, Annapolis, MD, 21401 EIN 83-3341928 Since 2019
Revenue (FY2024)
$972
▼ 92.5% vs prior year
Education median: $200K
Expenses (FY2024)
$199
Net assets
$14K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Walter C Hobson Community Outreach Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating841 mo reserves · +80% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Walter C Hobson Community Outreach Foundation Inc: 841 mo reserves · +80% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Walter C Hobson Community Outreach Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Walter C Hobson Community Outreach Foundation Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 166 Defense Hwy Ste 102, Annapolis, MD, 21401
- City
- Annapolis
- State
- Maryland
- Category
- Education
- Subcategory
- Student Services & Aid
Financial trends
Revenue grew from $165 (FY2019) to $972 (FY2024) across 6 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $14K
Operating margin
79.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$14K
Total liabilities
$0
Net assets
$14K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $972▼92.5% | $199▲3.6% | $13,941▲5.9% | $13,941▲5.9% | 990PF |
| 2023 | $12,972▲4224% | $192 | $13,168▲3294% | $13,168▲3294% | 990PF |
| 2022 | $300▲9.1% | $192▲1.1% | $388▲38.6% | $388▲38.6% | 990PF |
| 2021 | $275▼8.3% | $190▲5.6% | $280▲43.6% | $280▲43.6% | 990PF |
| 2020 | $300▲81.8% | $180▲100% | $195▲160% | $195▲160% | 990PF |
| 2019 | $165 | $90 | $75 | $75 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $2,000 total
1 grant to Walter C Hobson Community Outreach Foundation Inc totaling $2,000, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The Bessemer Giving Fund | Scholarships | 2020 | $2,000 |
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Frequently asked questions
- Is Walter C Hobson Community Outreach Foundation Inc a legitimate nonprofit?
- Yes. Walter C Hobson Community Outreach Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 83-3341928, based in Annapolis, Maryland. Donations are tax-deductible.
- What is Walter C Hobson Community Outreach Foundation Inc's EIN?
- Walter C Hobson Community Outreach Foundation Inc's Employer Identification Number (EIN) is 83-3341928.
- How much revenue does Walter C Hobson Community Outreach Foundation Inc report?
- Walter C Hobson Community Outreach Foundation Inc reported $972 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Walter C Hobson Community Outreach Foundation Inc have?
- CharityIndex grades Walter C Hobson Community Outreach Foundation Inc C+, based on financial health (reserves and operating margin).
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Data for Walter C Hobson Community Outreach Foundation Inc (EIN 83-3341928) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.