Hobbs Foundation
Hobbs Foundation is a private foundation, based in WACO, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $591K in total assets. In 2024, it awarded 2 grants totaling $11K. Net investment income was $12K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$591K
-0.1% YoY
Annual Giving
$11K
-29.0% YoY
Grant Count
2
-33.3% YoY
Avg Grant Size
$6K
+6.5% YoY
Under IRS private-foundation payout rules, Hobbs Foundation reported a distributable amount of $27K for 2024 — the minimum it must pay out in qualifying distributions.
About Hobbs Foundation
Based on IRS filings
Hobbs Foundation is a private foundation, based in WACO, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $591K in total assets. In 2024, it awarded 2 grants totaling $11K. Net investment income was $12K.
Ready to take the next step with Hobbs Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $591,031 | $591,359 | $603,024 |
| Revenue | $17,735 | $12,223 | $22,636 |
| Expenses | $18,063 | $23,888 | $19,247 |
| Qualifying Distributions | $12,673 | $18,668 | $14,219 |
| Net Investment Income | $12,345 | $7,113 | $8,562 |
| Distributable Amount | $26,671 | $16,741 | $17,609 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
31 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Mission Waco ($10,000), Friends for Life ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| FRIENDS FOR LIFE WACO, TX | CONTRIBUTION FOR EXEMPT PURPOSE | $1,000 |
| MISSION WACO WACO, TX | CONTRIBUTION FOR EXEMPT PURPOSE | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CAREY HOBBS | PRESIDENT | 1 | — |
Frequently Asked Questions
How large is Hobbs Foundation?
As of 2024, Hobbs Foundation holds $591K in total assets with $18K in annual revenue. It awarded 2 grants totaling $11K in 2024.
Where does Hobbs Foundation operate?
Hobbs Foundation has awarded grants in Colorado, District of Columbia, Texas.
What size grants does Hobbs Foundation award?
In 2024, Hobbs Foundation awarded 2 grants totaling $11K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is Hobbs Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Hobbs Foundation reported a distributable amount of $27K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Hobbs Foundation's EIN?
Hobbs Foundation's EIN (Employer Identification Number) is 74-2587600. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Hobbs Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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