Philanthropy & Grantmaking
(T20)
990 on File
MICHAEL F AND JOAN G HOBEN FAMILY FOUNDATION
Financial strength (30%)
89/100
Reliability (20%)
55/100
Effectiveness (25%)
51/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Financial Overview — FY 2023
$4K
Total Revenue
$8K
Total Expenses
$86K
Net Assets
N/A
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
79.5%
Fundraising Efficiency
N/A
Operating Reserve
126.63x
Liability-to-Asset
0.0%
Revenue Diversification
60.1%
Executive Compensation
$0
Compared with Peers
FY 2023
Compared with 34,329 similar organizations
(United States, Philanthropy & Grantmaking, under $100K in expenses), FY 2023.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
79.5% | 86.7% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
126.6 mo | 137.0 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
60.1% | 95.5% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
-34.5% | -0.2% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-35.1% | -4.3% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-96.0% | -0.6% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $4K | $8K | $86K | 79.5% | — |
| 2022 | $6K | $13K | $90K | 86.5% | — |
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