Ohub Foundation Inc

Analysis

Ohub Foundation Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Ohub Foundation Inc reported income of $745k and spending of $479k, leaving 36% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $169k to $745k (+342%), an average of +64% a year. The sharpest change came in the year to December 2021, when income rose by 132%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ohub Foundation Inc sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 79th percentile within GA. Charities of a similar size with the same main cause include Entrepreneurs Organization ($744k), Read 718 ($745k) and Literacy Council of Central Alabama ($744k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $115k. At year end it held assets of $268k against liabilities of $2,491, net assets of $266k. It reported 2 employees.