Hue Community Inc

Analysis

Hue Community Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 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, Hue Community Inc reported income of $61k and spending of $147k, spending 242% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $882k to $61k (-93%), an average of -74% a year. The sharpest change came in the year to December 2023, when income dropped by 90%. 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, Hue Community Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 25th percentile within NY. Charities of a similar size with the same main cause include Credit Abuse Resistance Education ($61k), Windsor Service Alliance ($61k) and Sheboygan Falls Main Street Foundation Inc ($61k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.5% of the total. At year end it held assets of $14k against liabilities of $600, net assets of $13k.