Hub Argentine Inc

Analysis

Hub Argentine Inc is a registered charity in United States, based in Kansas City, KS. It received its IRS tax-exemption ruling in October 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 Argentine Inc reported income of $1.3m and spending of $494k, leaving 62% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $458k to $1.3m (+183%), an average of +183% a year. The sharpest change came in the year to December 2023, when income rose by 183%. Over the whole period it spent 40% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hub Argentine Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within KS. Charities of a similar size with the same main cause include TLC Centers for Therapy ($1.3m), Deaf Inc ($1.3m) and Colorado River Regional Crisis Services ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 3.3% of the total. Compensation of current officers, directors and key employees was $82k (17% of expenses). Other salaries and wages came to $18k. At year end it held assets of $1.3m against liabilities of $160k, net assets of $1.1m.