Hive Community Circle

Analysis

Hive Community Circle is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in July 2015, 11 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 2024, Hive Community Circle reported income of $793k and spending of $796k, spending 100% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $427k to $793k (+86%), an average of +36% a year. The sharpest change came in the year to June 2023, when income rose by 136%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hive Community Circle sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 80th percentile within SC. Charities of a similar size with the same main cause include Community Access Line of the Lakeshore Inc ($793k), Serving Our Kids Foundation ($793k) and Onramp Brazos Inc ($793k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $413k (52% of expenses). Other salaries and wages came to $1,923. At year end it held assets of $217k against liabilities of $81k, net assets of $136k. It reported 10 employees.