Hub Civic Center Inc

Analysis

Hub Civic Center Inc is a registered charity in United States, based in Veedersburg, IN. It received its IRS tax-exemption ruling in May 2000, 26 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hub Civic Center Inc reported income of $66k and spending of $46k, leaving 31% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $52k to $66k (+28%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 84% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hub Civic Center Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 23rd percentile within IN. Charities of a similar size with the same main cause include Frente Hispano Local 79 Inc ($66k), Downtown Oxford Economic Development Corporation ($66k) and Taney County 100 Club ($66k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 37% of the total. At year end it held assets of $77k against liabilities of $0, net assets of $77k.