Hobbs Foundation

Private foundation · Grantmaker Waco, TX EIN: 74-2587600

Hobbs Foundation is a private foundation, based in Waco, TX. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $578K in total assets. In 2025, it awarded 6 grants totaling $26K. Net investment income was $17K.

Key facts about Hobbs Foundation

In short: Hobbs Foundation gave $26K across 6 grants in 2025 (avg $4K), top state District of Columbia. Source: 2025 IRS Form 990-PF.

EIN
74-2587600
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$26,200
Grants made (2025)
6
Average grant
$4,367
Median grant
$3,500
Total assets
$577,686
Primary geography
District of Columbia (43% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$578K

-2.3% YoY

Annual Giving

$26K

+138.2% YoY

Grant Count

6

+200.0% YoY

Avg Grant Size

$4K

-20.6% YoY

Under IRS private-foundation payout rules, Hobbs Foundation reported a distributable amount of $27K for 2025 — the minimum it must pay out in qualifying distributions.

How Hobbs Foundation gives

  • Giving grew 148% from 2022 to 2025. Method
  • In 2025 it paid out 110% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

5states

Share of 2025 grant dollars across all 6 itemized grants.

Cities

WacoWashingtonAddisonTempleColleyvilleDenverFort WorthHoustonSpringfieldVirginia Beach

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K11 grants2020 10 grants2021 5 grants2022 3 grants2023 2 grants2024 6 grants2025

From 2020 to 2025, annual grant giving ranged from $11K (2022) to $40K (2020). In 2025 it made 6 grants totaling $26K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2025

Museum of the Bible: $11KMuseum of the Bible$11KChrist the King Church: $5KChrist the King Church$5KHoly Land Missions: $5KHoly Land Missions$5KBeautiful Feet Ministries: $2KBeautiful Feet Ministries$2KKerygma Ventures: $2KKerygma Ventures$2KChristian Broadcasting Network: $1KChristian Broadcasting Network$1K

The largest 2025 recipient was Museum of the Bible ($11K). Together the top 6 received $26K.

Grant Size Distribution

26 grants across all recorded years

26<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 26 grants of 26 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Museum of the Bible Washington, DCContribution for Exempt Purpose$11,200
Christ the King Church Waco, TXContribution for Exempt Purpose$5,000
Holy Land Missions Springfield, MOContribution for Exempt Purpose$5,000
Beautiful Feet Ministries Fort Worth, TXContribution for Exempt Purpose$2,000
Kerygma Ventures Colleyville, TXContribution for Exempt Purpose$2,000
Christian Broadcasting Network Virginia Beach, VAContribution for Exempt Purpose$1,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$25K$50K$75K$100K2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$577,686$591,031$591,359
Revenue$22,280$17,735$12,223
Expenses$35,625$18,063$23,888
Qualifying Distributions$30,184$12,673$18,668
Net Investment Income$17,243$12,345$7,113
Distributable Amount$27,479$26,671$16,741

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2025 (received by the IRS August 18, 2026)
  2. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Hobbs Foundation is led by Carey Hobbs, President on every filing since 2020 — the only officer listed, and uncompensated.

Officers on the 2025 filing

  • Carey Hobbs

    President

    On filings since 2020

    1 hr/week

    No compensation reported

Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Hobbs Foundation

How much does Hobbs Foundation give each year?

Hobbs Foundation gave $26K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $11K across 2 grants.

What is Hobbs Foundation's typical grant size?

Hobbs Foundation's median grant in 2025 was $3,500, and its average grant was $4,367, across 6 grants on its 2025 IRS Form 990-PF.

Where does Hobbs Foundation give grants?

Hobbs Foundation's top state is District of Columbia, with 43% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Texas (34%) and Missouri (19%).

Who are Hobbs Foundation's largest grantees?

Hobbs Foundation's largest 2025 grantees include Museum of the Bible ($11,200), Christ the King Church ($5,000) and Holy Land Missions ($5,000), according to its 2025 IRS Form 990-PF. Together they received 81% of its itemized 2025 grant dollars.

How large is Hobbs Foundation?

Hobbs Foundation reported $578K in total assets on its 2025 IRS Form 990-PF. It paid out $30K in qualifying distributions that year, against a required minimum of $27K (roughly 5% of its investment assets).

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 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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