Hub for Urban Initiatives

Analysis

Hub for Urban Initiatives is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in October 1996, 30 years ago. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Hub for Urban Initiatives reported income of $137k and spending of $502k, spending 368% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $157k to $137k (-13%), an average of -3.4% a year. The sharpest change came in the year to June 2023, when income rose by 15870%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hub for Urban Initiatives sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 47th percentile within CA. Charities of a similar size with the same main cause include PTA Florida Congress ($137k), Shepherd House Inc ($137k) and Little League Baseball Inc ($137k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 16% of the total. Compensation of current officers, directors and key employees was $185k (37% of expenses). Other salaries and wages came to $110k. At year end it held assets of $4.2m against liabilities of $31k, net assets of $4.1m. It reported 3 employees.