The Hub Lafayette-Urban Ministries

Analysis

The Hub Lafayette-Urban Ministries is a registered charity in United States, based in Lafayette, LA. It received its IRS tax-exemption ruling in May 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 Lafayette-Urban Ministries reported income of $1.1m and spending of $565k, leaving 48% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $388k to $1.1m (+179%), an average of +67% a year. The sharpest change came in the year to December 2023, when income rose by 192%. Over the whole period it spent 54% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Hub Lafayette-Urban Ministries sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within LA. Charities of a similar size with the same main cause include Bremerton Services Association ($1.1m), Clinton County Agricultural Society ($1.1m) and Adult Day Activity Personal Training Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $58k (10% of expenses). Other salaries and wages came to $139k. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m. It reported 10 employees.