Producer Hub Inc

Analysis

Producer Hub Inc is a registered charity in United States, based in New York, NJ. It received its IRS tax-exemption ruling in January 2024, 2 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, Producer Hub Inc reported income of $129k and spending of $40k, leaving 69% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $24k to $129k (+446%), an average of +134% a year. The sharpest change came in the year to December 2022, when income rose by 211%. Over the whole period it spent 24% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Producer Hub Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 51st percentile within NJ. Charities of a similar size with the same main cause include Sewell Mill Inc ($129k), The Zadie Project ($129k) and Lafayette Farmers and Artisans ($129k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $2.9m against liabilities of $2.8m, net assets of $173k.