Hobbs Foundation
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
Share of 2025 grant dollars across all 6 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
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
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
The most common grant size was under $50K: 26 grants of 26 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Museum of the Bible Washington, DC | Contribution for Exempt Purpose | $11,200 |
| Christ the King Church Waco, TX | Contribution for Exempt Purpose | $5,000 |
| Holy Land Missions Springfield, MO | Contribution for Exempt Purpose | $5,000 |
| Beautiful Feet Ministries Fort Worth, TX | Contribution for Exempt Purpose | $2,000 |
| Kerygma Ventures Colleyville, TX | Contribution for Exempt Purpose | $2,000 |
| Christian Broadcasting Network Virginia Beach, VA | Contribution for Exempt Purpose | $1,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| 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
- Added Form 990-PF for fiscal year 2025 (received by the IRS August 18, 2026)
- 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.
Here's the math on researching Hobbs Foundation by hand.
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