Hub City Roots

Analysis

Hub City Roots is a registered charity in United States, based in Spartanburg, SC. It received its IRS tax-exemption ruling in October 2003, 23 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Hub City Roots reported income of $557k and spending of $634k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $395k to $557k (+41%), an average of +9.0% a year. The sharpest change came in the year to December 2020, when income rose by 53%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hub City Roots sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within SC. Charities of a similar size with the same main cause include L & J Nursery Inc ($557k), Caterpillar Ministries ($557k) and Independent Living Center of Eastern Indiana ($557k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 20% of the total. Other salaries and wages came to $323k. At year end it held assets of $125k against liabilities of $65k, net assets of $60k. It reported 18 employees.