Hub Community Center

Analysis

Hub Community Center is a registered charity in United States, based in Clarksville, TX. It received its IRS tax-exemption ruling in August 2018, 8 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, Hub Community Center reported income of $84k and spending of $79k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $67k to $84k (+25%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hub Community Center sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 34th percentile within TX. Charities of a similar size with the same main cause include Gold Rush Days Festival Inc ($84k), Union Street Corridor Community Development Corporation ($84k) and Illinois Community Health Workers Association ($84k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $39k against liabilities of $0, net assets of $39k.