Hub Homeless Services Inc
EIN: 844406703 · Chippewa Falls, WI · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $147K |
| Total Expenses | $128K |
| Net Assets | $362K |
Is Hub Homeless Services Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hub Homeless Services Inc
Hub Homeless Services Inc (EIN: 844406703) is a nonprofit organization based in Chippewa Falls, WI, classified under NTEE code P20. The organization reported total revenue of $147K and total assets of $550K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hub Homeless Services Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hub Homeless Services Inc is a small nonprofit that has been operating for 5 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of -31.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $153K |
| Total Expenses | $128K |
| Surplus / Deficit | +$25K |
| Total Assets | $564K |
| Total Liabilities | $202K |
| Net Assets | $362K |
| Operating Margin | 16.6% |
| Debt-to-Asset Ratio | 35.9% |
| Months of Reserves | 53.0 months |
Financial Health Grade: A
In 2023, Hub Homeless Services Inc reported a surplus of $25K with revenue exceeding expenses, holds 53.0 months of operating reserves (strong position), has a debt-to-asset ratio of 35.9% (moderate leverage).
Financial Trends
Over 3 years of filings (2021–2023), Hub Homeless Services Inc's revenue has declined at a compound annual growth rate (CAGR) of -31.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -42.4% | -11.6% | -10.4% |
| 2022 | -19.3% | +23.2% | +7.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hub Homeless Services Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hub Homeless Services Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $25K, with revenue exceeding expenses.
- Debt-to-asset ratio: 35.9%.
Frequently Asked Questions about Hub Homeless Services Inc
Is Hub Homeless Services Inc a legitimate charity?
Hub Homeless Services Inc (EIN: 844406703) is a registered tax-exempt nonprofit based in Wisconsin. It has 3 years of IRS 990 filings on record. Total revenue: $147K. No red flags identified. Financial health grade: A.
How does Hub Homeless Services Inc spend its money?
Hub Homeless Services Inc reported $147K in total revenue in IRS 990 filings. 3 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Hub Homeless Services Inc tax-deductible?
Hub Homeless Services Inc is registered as a tax-exempt nonprofit (EIN: 844406703). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hub Homeless Services Inc located?
Hub Homeless Services Inc is headquartered in Chippewa Falls, Wisconsin and files with the IRS under EIN 844406703. It is classified under NTEE code P20.
How many years of IRS 990 filings does Hub Homeless Services Inc have?
Hub Homeless Services Inc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $147K in total revenue.
Filing History
IRS 990 filing history for Hub Homeless Services Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Hub Homeless Services Inc's revenue has declined by 53.5%, moving from $329K to $153K. Total assets decreased by 3.4% over the same period, from $584K to $564K. Total functional expenses rose by 8.9%, from $117K to $128K. In its most recent filing year (2023), Hub Homeless Services Inc reported a surplus of $25K, with revenue exceeding expenses. The organization holds $202K in liabilities against $564K in assets (debt-to-asset ratio: 35.9%), resulting in net assets of $362K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $153K | $128K | $564K | $202K | — | — |
| 2022 | $266K | $145K | $629K | $293K | — | — |
| 2021 | $329K | $117K | $584K | $368K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $153K, expenses of $128K, and assets of $564K (revenue -42.4% year-over-year).
- 2022: Revenue of $266K, expenses of $145K, and assets of $629K (revenue -19.3% year-over-year).
- 2021: Revenue of $329K, expenses of $117K, and assets of $584K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hub Homeless Services Inc:
Data Sources and Methodology
This transparency report for Hub Homeless Services Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.