Mother Hubbards Cupboard of Wilmington Inc

Analysis

Mother Hubbards Cupboard of Wilmington Inc is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in October 1988, 38 years ago. 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, Mother Hubbards Cupboard of Wilmington Inc reported income of $2.1m and spending of $1.8m, spending 83% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $1.2m to $2.1m (+78%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 52%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mother Hubbards Cupboard of Wilmington Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within NC. Charities of a similar size with the same main cause include National Voluntary Organizations Active in Disaster Inc ($2.1m), Los Alamitos Education Foundation ($2.1m) and Christian Academy Schools ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 2.9% of the total. At year end it held assets of $1.2m against liabilities of $12k, net assets of $1.2m.