Hubzone Technology Initiative Inc

Analysis

Hubzone Technology Initiative Inc is a registered charity in United States, based in Henderson, NC. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Hubzone Technology Initiative Inc reported income of $301k and spending of $278k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $57k to $301k (+428%), an average of +428% a year. The sharpest change came in the year to December 2023, when income rose by 428%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hubzone Technology Initiative Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within NC. Charities of a similar size with the same main cause include Balkan Cultural Center ($301k), Desi Dance Network Incorporated ($301k) and Westmoore High School Band Boosters ($301k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $33k against liabilities of $6,940, net assets of $26k.