Hubweek Inc
EIN: 842151766 · Boston, MA · NTEE: S19
| Metric | Value |
|---|---|
| Total Revenue | $899K |
| Total Expenses | $1.0M |
| Net Assets | $-1,029,596 |
Is Hubweek Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hubweek Inc
Hubweek Inc (EIN: 842151766) is a nonprofit organization based in Boston, MA, classified under NTEE code S19. The organization reported total revenue of $899K and total assets of $967K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hubweek Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hubweek Inc is a small nonprofit that has been operating for 6 years, with 2 years of IRS 990 filings on record (2019–2020). Revenue has grown at a compound annual rate of -83.1%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $385K |
| Total Expenses | $1.0M |
| Surplus / Deficit | $-663,052 |
| Total Assets | $344K |
| Total Liabilities | $1.4M |
| Net Assets | $-1,029,596 |
| Operating Margin | -172.2% |
| Debt-to-Asset Ratio | 399.4% |
| Months of Reserves | 3.9 months |
Financial Health Grade: C
In 2020, Hubweek Inc reported a deficit of $663K with expenses exceeding revenue, holds 3.9 months of operating reserves (adequate), has a debt-to-asset ratio of 399.4% (high leverage).
Financial Trends
Over 2 years of filings (2019–2020), Hubweek Inc's revenue has declined at a compound annual growth rate (CAGR) of -83.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -83.1% | -60.4% | -68.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hubweek 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 Hubweek 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 (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $663K, with expenses exceeding revenue.
- Debt-to-asset ratio: 399.4%.
Frequently Asked Questions about Hubweek Inc
Is Hubweek Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hubweek Inc (EIN: 842151766) insufficient data. 0 red flags identified, 0 strengths noted.
How does Hubweek Inc spend its money?
Detailed spending breakdown data is not yet available for Hubweek Inc. Check back for updated IRS 990 analysis.
Are donations to Hubweek Inc tax-deductible?
Hubweek Inc is registered as a tax-exempt nonprofit (EIN: 842151766). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hubweek Inc located?
Hubweek Inc is headquartered in Boston, Massachusetts and files with the IRS under EIN 842151766. It is classified under NTEE code S19.
How many years of IRS 990 filings does Hubweek Inc have?
Hubweek Inc has 2 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 $899K in total revenue.
Filing History
IRS 990 filing history for Hubweek Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2019–2020), Hubweek Inc's revenue has declined by 83.1%, moving from $2.3M to $385K. Total assets decreased by 68.3% over the same period, from $1.1M to $344K. Total functional expenses fell by 60.4%, from $2.6M to $1.0M. In its most recent filing year (2020), Hubweek Inc reported a deficit of $663K, with expenses exceeding revenue. The organization holds $1.4M in liabilities against $344K in assets (debt-to-asset ratio: 399.4%), resulting in net assets of $-1,029,596.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $385K | $1.0M | $344K | $1.4M | — | — |
| 2019 | $2.3M | $2.6M | $1.1M | $1.5M | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hubweek Inc:
Data Sources and Methodology
This transparency report for Hubweek 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.