Hub Homeless Services Inc

Analysis

Hub Homeless Services Inc is a registered charity in United States, based in Chippewa Falls, WI. It received its IRS tax-exemption ruling in January 2021, 5 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 December 2023, Hub Homeless Services Inc reported income of $153k and spending of $128k, spending 83% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $329k to $153k (-53%), an average of -32% a year. The sharpest change came in the year to December 2023, when income dropped by 42%. Over the whole period it spent 52% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hub Homeless Services Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 47th percentile within WI. Charities of a similar size with the same main cause include Oaklawn Harmony Centre Inc ($153k), Beyond Fistula ($153k) and Meigs County Ministries ($153k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 58% of the total. Other salaries and wages came to $44k. At year end it held assets of $564k against liabilities of $202k, net assets of $362k. It reported 1 employees.