Makers Hub

Analysis

Makers Hub is a registered charity in United States, based in RCH Palos VRD, CA. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover employment, 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, Makers Hub reported income of $164k and spending of $70k, leaving 57% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $84k to $164k (+96%), an average of +96% a year. The sharpest change came in the year to December 2023, when income rose by 96%. Over the whole period it spent 47% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Makers Hub sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 51st percentile within CA. Charities of a similar size with the same main cause include Quality of Life Coalition Inc ($164k), Heritage Centre Association Inc ($164k) and Winnsboro Main Street Inc ($164k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $193k against liabilities of $0, net assets of $193k.