The Hub Oc

Analysis

The Hub Oc is a registered charity in United States, based in Orange, CA. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Hub Oc reported income of $2.7m and spending of $2.2m, spending 83% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $296k to $2.7m (+817%), an average of +109% a year. The sharpest change came in the year to December 2022, when income rose by 319%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Hub Oc 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 88th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Early Beginnings ($2.7m), I Love U Guys Foundation ($2.7m) and Somali Community Link Inc ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $100k (4.5% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $1.1m against liabilities of $279k, net assets of $856k. It reported 65 employees.