Spokane Valley Hub

Analysis

Spokane Valley Hub is a registered charity in United States, based in Liberty Lake, WA. It received its IRS tax-exemption ruling in April 2010, 16 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, Spokane Valley Hub reported income of $2.0m and spending of $871k, leaving 56% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $716k to $2.0m (+176%), an average of +29% a year. The sharpest change came in the year to December 2021, when income rose by 459%. Over the whole period it spent 41% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Spokane Valley Hub sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within WA. Charities of a similar size with the same main cause include East Palo Alto Tennis and Tutoring ($2.0m), Wissahickon Skating Club ($2.0m) and SPL Sports Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.6% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $120k (14% of expenses). Other salaries and wages came to $223k. At year end it held assets of $8.2m against liabilities of $3,541, net assets of $8.2m. It reported 40 employees.