Life Hub Inc

Analysis

Life Hub Inc is a registered charity in United States, based in Wheeling, WV. 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 December 2023, Life Hub Inc reported income of $535k and spending of $155k, leaving 71% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $90k to $535k (+493%), an average of +493% a year. The sharpest change came in the year to December 2023, when income rose by 493%. Over the whole period it spent 26% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Life Hub Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within WV. Charities of a similar size with the same main cause include A Ray of Hope ($535k), Metro Lifestyle Ministries Inc ($535k) and Jcvision & Associates Inc ($535k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $69k. At year end it held assets of $495k against liabilities of $31k, net assets of $464k.