Hub Life Charities Inc

Analysis

Hub Life Charities Inc is a registered charity in United States, based in Trinity, FL. It received its IRS tax-exemption ruling in December 2021, 5 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Hub Life Charities Inc reported income of $52k and spending of $20k, leaving 62% of income unspent that year. Across the 2 years on record, from December 2021 to December 2023, income fell from $70k to $52k (-26%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 50% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hub Life Charities Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 24th percentile within FL. Charities of a similar size with the same main cause include Northern Colorado Intergroup Inc ($52k), Hjabc ($52k) and PTA California Congress of Parents Teachers & Students Inc ($52k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 22% of the total. At year end it held assets of $63k against liabilities of $0, net assets of $63k.