The Hobby Center Foundation: $39.8M Revenue, $29.6M Program Expenses

The Hobby Center Foundation grades a B on the nonprofit efficiency rubric. 78/100 on the composite — above the national median, with strong performance on some factors balanced by middling performance on others.

At $39.8M in 2023 revenue, The Hobby Center Foundation sits in the mid-range of the U.S. nonprofit distribution. Most organizations of this scale operate regionally or focus on a single program area. The Hobby Center Foundation directs 80% of its expenses to programs — above the third-party-rater threshold for an efficient organization.

Revenue has grown meaningfully across the five-year filing history — a sign of expanding donor base, new grants, or scaling programs. The Hobby Center Foundation reported $39.8M in 2023, up notably from the start of the window. CEO compensation is reported as zero in the filing — typical for nonprofits where the chief executive is paid through a related entity (parent system, university, or foundation) rather than the filing organization itself, or for small organizations whose chief is a volunteer or board member. The Hobby Center Foundation sits in the cultural-nonprofit sector (Arts, Culture & Humanities). Museum, performing-arts, and cultural organizations carry distinctive financial patterns — earned revenue from ticket sales and admissions, plus a heavy reliance on endowment income and major donor cycles.