Hugs Charities Inc
- Assets
- $148.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ocala, FL
- Founding
- 01/2008
- Data as of
- 12/2022
- EIN
- 20-8493070
Organization Overview
Hugs Charities Inc is located in Ocala, FL. The organization was established in 2008. According to its NTEE Classification (G12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hugs Charities Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Hugs Charities Inc generated $83.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $85.9k during the year ending 12/2022. While expenses have increased by 7.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
ALLOCATIONS TO INDIVIDUALS IN NEED OF RENT, FOOD AND OTHER STANDARD OF LIVING COSTS. ALSO, CONTRIBUTIONS TO OTHER 501C03 ORGANIZATIONS SUPPORTING THE COMMUNITY CALNCER ALLIANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Ross Treasurer/of | 2 | $0 | |
Lois Schwenk Director | 1 | $0 | |
Michael Koontz Director | 1 | $0 | |
Tyler Emmons Director | 1 | $0 | |
David Moore Director | 1 | $0 | |
Barbara Tomyn Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $83,627 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $83,627 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $13,610 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $85,916 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $148,088 |
| Other assets | $0 |
| Total assets | $148,088 |
| Total liabilities | $0 |
| Net assets or fund balances | $148,088 |