The Hub Center Inc

Analysis

The Hub Center Inc is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, The Hub Center Inc reported income of $1.8m and spending of $116k, leaving 94% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $101 to $1.8m (+1782078%), an average of +1782078% a year. The sharpest change came in the year to December 2023, when income rose by 1782078%. Over the whole period it spent 8.9% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Hub Center Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Little Sisters of the Poor of New Mexico ($1.8m), Every Day Is a Miracle Inc ($1.8m) and We Are Your Children Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m.