Hub City Outreach Center Dba My Second Bloom

Analysis

Hub City Outreach Center Dba My Second Bloom is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in April 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2024, Hub City Outreach Center Dba My Second Bloom reported income of $386k and spending of $415k, spending 108% of what it took in. Across the 4 years on record, from August 2021 to August 2024, income fell from $456k to $386k (-15%), an average of -5.4% a year. The sharpest change came in the year to August 2023, when income rose by 41%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hub City Outreach Center Dba My Second Bloom sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 71st percentile within TX. Charities of a similar size with the same main cause include H H H Heroes Helping Heroes Inc ($385k), Special Needs Support Center of the Upper Valley ($386k) and Hispanic American Mission Inc ($385k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $53k (13% of expenses). At year end it held assets of $91k against liabilities of $3,595, net assets of $88k.