Hub Houston Inc

Analysis

Hub Houston Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in December 2015, 11 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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 June 2023, Hub Houston Inc reported income of $2.4m and spending of $2.0m, spending 84% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.1m to $2.4m (+106%), an average of +27% a year. The sharpest change came in the year to June 2022, when income rose by 84%. Over the whole period it spent 80% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hub Houston Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include National Center for the Advancement of Prevention Inc ($2.4m), Victims Intervention Program Inc ($2.4m) and Northeast Youth & Family Services ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $80k (4.0% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $2.3m against liabilities of $56k, net assets of $2.2m. It reported 57 employees.