The Huub

Analysis

The Huub is a registered charity in United States, based in Orange, NJ. It received its IRS tax-exemption ruling in January 2016, 10 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, The Huub reported income of $207k and spending of $245k, spending 118% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $289k to $207k (-28%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 113% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Huub sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 61st percentile within NJ. Charities of a similar size with the same main cause include Beverly Main Streets Inc ($207k), Workers Defense League Inc ($207k) and Detroit Greenways Coalition ($207k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% of the total. Compensation of current officers, directors and key employees was $72k (29% of expenses). Other salaries and wages came to $77k. At year end it held assets of $70k against liabilities of $94k, net assets of -$25k. It reported 6 employees.