Hoop Bus Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
Hoopbus is rooted in the belief that basketball has the power to transform lives, build bridges, and uplift communities. Our mission is to spread love and build community through basketball, creating unforgettable experiences from local blocks to global cities and bringing the game where it's needed most.
- Income
- $1.6 million
- Spending
- $1.4 million
- Spent on programs
- 81%
- Reserves
- 1.7 months of spending
- Largest source of income
- donations and private grants, 100%
- Employees
- 6
- Volunteers
- 0
- Highest pay
- $78,000, founder & creative director
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 75 out of 100. Higher than 48% of charities in its peer group (recreation and sports, $1m to $10m).
Reserves
10 of 35Spendable reserves would cover 1.7 months of spending.
Debt
20 of 20It owes 10% of what it owns.
Living within its means
15 of 15Income exceeded spending by 18% of income.
Income trend
15 of 15Income rose 1% on the year before.
Spending floor
15 of 1581% of spending went to programs and raising each dollar of donations cost 2 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Good: 75 out of 100. Higher than 52% of charities in its peer group (recreation and sports, $1m to $10m).
Independent board
18 of 252 of 3 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
0 of 10Did not give the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $1.1 million spent. In 2024, Hoopbus served communities by hosting programs and events in more than fifty cities. Our program services revolve around addressing three key impact pillars: youth programming, community revitalization projects, and resource distribution. Our primary youth program - the P.E. Takeover - reached an estimated 29,750 students across 85 programs run. It features a workshop and school assembly for elementary to high schoolers teaching gratitude, teamwork, discipline and self-love. Hoopbus ran or participated in 154 grassroots community events reaching an estimated 77,000 individuals. Hoopbus piloted a nine week mentorship program addressing the bridge between traditional education and lifeskills, teaching healthy lifestyles, creative entrepreneurship, expression through creativity, financial literacy, and leadership & confidence modules to 64 program graduates at Simon Tech in Watts. Lastly, Hoopbus hosted 94 public exhibition events with partners including the Knicks, the Celtics, When We All Vote, Meta, and The Mavericks bringing tournaments, dunk shows and clinics to an estimated 141,000 individuals. Our Court Refurbishment program revitalized three courts, Woodruff Place Baptist Church, Newcomer Middle School, and Oak Cliff Park, leaving behind upgraded equipment, art murals, and experiences and memories from court inauguration events.Throughout the course of the year, Hoopbus donated more than 10,000 basketballs and 2,000 pairs of shoes to our program participants and in-need organizational partners.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since February 2020.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.