The Hobby Center for the Performing Arts is managed and operated by the Hobby Center Foundation, formerly known as the Houston Music Hall Foundation. The Foundation is organized as a 501(c)(3) nonprofit organization. The Hobby Center opened its doors to theatre goers in May 2002.

The mission of the Hobby Center Foundation is to expand Houston's reputation as a world-class cultural center by providing a premier performing arts facility, fostering accessibility to the performing arts and promoting arts education, with an emphasis on musical theater.