Hug Mission Inc

Analysis

Hug Mission Inc is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in August 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 December 2023, Hug Mission Inc reported income of $513k and spending of $191k, leaving 63% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $92k to $513k (+455%), an average of +455% a year. The sharpest change came in the year to December 2023, when income rose by 455%. Over the whole period it spent 45% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hug Mission Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 74th percentile within NV. Charities of a similar size with the same main cause include Medical Lake Food Bank Association ($513k), J E W E L Foundation ($513k) and Hunters Sharing the Harvest Inc ($513k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $22k. At year end it held assets of $498k against liabilities of $0, net assets of $498k.