Industry Hub Inc

Analysis

Industry Hub Inc is a registered charity in United States, based in Desoto, TX. It received its IRS tax-exemption ruling in October 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, Industry Hub Inc reported income of $60k and spending of $37k, leaving 39% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $60k to $60k (-0.2%), an average of -0.2% a year. Over the whole period it spent 63% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Industry Hub Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 24th percentile within TX. Charities of a similar size with the same main cause include Temecula Sunrise Rotary Foundation ($60k), Lincoln County Family Resource Network Inc ($60k) and Junior League of Rockford Inc ($60k).

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 $95k against liabilities of $0, net assets of $95k.