Hub Community Development Corporation

Analysis

Hub Community Development Corporation is a registered charity in United States, based in Irondale, AL. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Hub Community Development Corporation reported income of $352k and spending of $826k, spending 235% of what it took in. Across the 3 years on record, from December 2020 to December 2023, income grew from $341k to $352k (+3.1%), an average of +1.6% a year. The sharpest change came in the year to December 2022, when income rose by 54%. Over the whole period it spent 140% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hub Community Development Corporation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 67th percentile within AL. Charities of a similar size with the same main cause include Leavener Ministry Inc ($352k), Matzo Ball Charity Inc ($352k) and Fathers Day Rally Committee Inc ($352k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. Compensation of current officers, directors and key employees was $30k (3.6% of expenses). Other salaries and wages came to $47k. At year end it held assets of $4.1m against liabilities of $4.5m, net assets of -$327k. It reported 1 employees.