Overview

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Est.

1994

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

The Hobby Center Foundation is a nonprofit organization focused on arts and culture, specifically in the performing arts sector. Its mission is to present performing arts and educational programs at The Hobby Center for the Performing Arts, supported by an operating budget of $33.3 million and total revenue of $34 million for the filing year 2024. The foundation's key funders include FIDELITY INVESTMENTS CHARITABLE GIFT FUND, DONOR ADVISED CHARITABLE GIVING INC, and NATIONAL PHILANTHROPIC TRUST, among others, and it does not rely on any single funder for 50% or more of its revenue.

Mission Statement

Presenting performing arts and educational programs at The Hobby Center for the Performing Arts
Revenues
$34M
Expenses
$33.3M
Net Income:
+$725.3K
Assets
$85.5M
Liabilities
$10.2M
Net Assets:
+$75.3M
Operating Budget
$33.3M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
23
Median grant size
$7.5K
Largest grant received
$727.6K
M
Mark Folkes
Board Member
M
Marjorie Evans
Board Member
S
Steven Burkett
Board Member

Frequently Asked Questions

What is The Hobby Center Foundation’s budget?
In 2024, The Hobby Center Foundation reported an annual operating budget of around $33.3 million. More detailed financial information is available to registered users.
What causes does The Hobby Center Foundation support?
The Hobby Center Foundation supports work in Performing arts and Arts and culture.
Where does The Hobby Center Foundation operate?
The Hobby Center Foundation is headquartered in Houston, TX.
Who funded The Hobby Center Foundation recently?
In 2025, The Hobby Center Foundation received grants from THE ELKINS FOUNDATION, COMMUNITY FOUNDATION OF JOHNSON COUNTY, and AMERICAN ONLINE GIVING FOUNDATION INC. More information on this organization’s funders is available to registered users.
What is the largest grant The Hobby Center Foundation received in 2024?
The largest grant to The Hobby Center Foundation in 2024 exceeds $728 thousand.
What is The Hobby Center Foundation’s reliance on government grants?
The Hobby Center Foundation relied on government grants for less than 5% of their total revenue in 2024.