Hustle Winston Salem

Analysis

Hustle Winston Salem is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in March 2021, 5 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hustle Winston Salem reported income of $120k and spending of $140k, spending 116% of what it took in. Over the whole period it spent 116% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hustle Winston Salem sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within NC. Charities of a similar size with the same main cause include Sedgwick County Economic Development Corporation ($120k), Rico Center ($120k) and First Capitol Lions Club Foundation ($120k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 6.7% of the total. Compensation of current officers, directors and key employees was $33k (24% of expenses). At year end it held assets of $40k against liabilities of $6,935, net assets of $33k.