HUB3
Nonprofit profile at a glance
- EIN
- 923887767
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2023
- Location
- Washington, DC, USA
- Phone
- 2026846252
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Voter Education, Registration
Reported finances
- Revenue
- $176,247
- Expenses
- $93,106
- Assets
- $83,141
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- KARTHIK BALASUBRAMANIAN (PRESIDENT)
People named in this filing
- KARTHIK BALASUBRAMANIAN (PRESIDENT)
- CHRIS PARKER (DIRECTOR)
- TRISTAN WILKERSON (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Hub3 partners with organizations who support community ambassadors as they engage their family members, friends, and neighbors to build health, wealth, and power. As elections approach, we help organizations activate their community ambassador networks to expand voter outreach and increase civic engagement.
What it reported doing in 2024
Hub3 operates a digital platform that enables partner organizations to recruit and support community ambassadors. These ambassadors engage their personal networks through various "challenges" including:-voting plan creation (helping people make voting plans and recruit friends to vote)-library card acquisition challenges-community event participationthe platform includes web and mobile applications, data analytics, point-based reward systems for ambassadors, and integration with voter databases. Our primary partnership is with the new North Carolina project (nncp) to build power in low-income communities.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 46% for direct work, and 54% for grants.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 71
- Transparency & Controls: 100
- Sustainability: 76
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 52.8%; rating input score 53
- Program expense ratio: 99.9%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 47.2%; rating input score 92; 92nd percentile among comparable filings
- Total-asset coverage ratio: 0.89; rating input score 56; 56th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 52.8% of revenue deployed · 99.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $93K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 53/100.
- Review — Sustainability: Total-asset coverage ratio scored 56/100.