The Hive Recovery Hub Inc

Analysis

The Hive Recovery Hub Inc is a registered charity in United States, based in Lafayette, IN. It received its IRS tax-exemption ruling in April 2023, 3 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 January 2024, The Hive Recovery Hub Inc reported income of $297k and spending of $300k, spending 101% of its income. Across the 2 years on record, from January 2023 to January 2024, income grew from $296k to $297k (+0.3%), an average of +0.3% a year. Over the whole period it spent 65% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Hive Recovery Hub Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within IN. Charities of a similar size with the same main cause include Freight House Farmers Market Inc ($297k), National Center for Community Strategies ($297k) and Nevada Agricultural Foundation ($297k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 5.4% and program service revenue 77% of the total. Other salaries and wages came to $146k. At year end it held assets of $1.0m against liabilities of $797k, net assets of $209k. It reported 3 employees.