Hugo Yellow Ribbon Network

Analysis

Hugo Yellow Ribbon Network is a registered charity in United States, based in Hugo, MN. It received its IRS tax-exemption ruling in September 2015, 11 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Hugo Yellow Ribbon Network reported income of $149k and spending of $154k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $130k to $149k (+15%), an average of +15% a year. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hugo Yellow Ribbon Network sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within MN. Charities of a similar size with the same main cause include McDowell House Museum Inc ($149k), Keep Chadron Beautiful ($149k) and Early Music Associates Inc ($149k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 58% of the total. At year end it held assets of $40k against liabilities of $0, net assets of $40k.