Hub 4-Hope Ministries Inc

Analysis

Hub 4-Hope Ministries Inc is a registered charity in United States, based in Levelland, TX. It received its IRS tax-exemption ruling in July 2017, 9 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Hub 4-Hope Ministries Inc reported income of $109k and spending of $125k, spending 114% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $89k to $109k (+22%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hub 4-Hope Ministries Inc 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 39th percentile, and in the 42nd percentile within TX. Charities of a similar size with the same main cause include Dawat-E-Islami Ga Inc ($109k), Woodston Camp Inc ($109k) and Respite at Halibut Cove ($109k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $146k against liabilities of $0, net assets of $146k.