Hubbard House Foundation Inc

Analysis

Hubbard House Foundation Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in April 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Hubbard House Foundation Inc reported income of $1.0m and spending of $491k, leaving 53% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $260k to $1.0m (+300%), an average of +59% a year. The sharpest change came in the year to June 2021, when income rose by 763%. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hubbard House Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Westaid ($1.0m), Pregnancy Education and Resource Center ($1.0m) and New Creation Foundation Inc ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.6% of the total. At year end it held assets of $8.4m against liabilities of $6,880, net assets of $8.4m.