Hustle Winston Salem
Public records show a registered, tax-exempt organization in good standing.
What it says it does
HUSTLE WINSTON-SALEM'S MISSION IS TO HELP GROW THE LOCAL ECONOMY BY ACCELERATING UNDER-REPRESENTED ENTREPRENEURS WITH A FOCUS ON WOMEN, PEOPLE OF COLOR, AND MARGINALIZED BUSINESS DISTRICTS.
- Income
- $196,507
- Spending
- $149,731
- Spent on programs
- 64%
- Reserves
- 6.4 months of spending
- Largest source of income
- donations and private grants, 97%
- Employees
- 0
- Volunteers
- 7
- Highest pay
- $30,333, executive director
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 86 out of 100. Higher than 72% of charities in its peer group (community improvement, under $250k).
Reserves
28 of 35Spendable reserves would cover 6.4 months of spending.
Debt
20 of 20It owes 6% of what it owns.
Living within its means
15 of 15Income exceeded spending by 24% of income.
Income trend
15 of 15Income rose 63% on the year before.
Spending floor
8 of 1564% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 100 out of 100. Higher than 89% of charities in its peer group (community improvement, under $250k).
Independent board
25 of 257 of 7 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $95,704 spent. MARKETING OUTSIDE THE BOX - SHIFTED FROM WORKSHOPS TO NOW INCLUDE SERVICES. SELECTED PARTICIPANTS ARE MATCHED WITH A MARKETING PROFESSIONAL TO PROVIDE THEM WITH A SERVICE THEIR BUSINESS NEEDS AT NO COST. THEY ALSO WORK WITH THE HUSTLE TEAM FOR 12 WEEKS FOR ONE-ON-ONE SUPPORT TO HELP THEM TACKLE THEIR UNIQUE CHALLENGES AROUND STRATEGY, STORYTELLING, SALES, SEO, AND MORE. ALSO, THERE'S AN OPPORTUNITY FOR ALL ENTREPRENEURS WE SERVE TO WIN MARKETING PRIZES EACH MONTH FOR THEIR BUSINESS.CONTINUED ON SCHEDULE OPAPER CHA$ER - INTERACTIVE WORKSHOPS FOCUSED ON CASH FLOW MODELS, FINANCIAL PROJECTIONS & FORECASTS, AND BASIC BOOKKEEPING & BUDGETING FOR BUSINESS. REFRESHMENTS PROVIDED. LAPTOP REQUIRED.BLACK WALL STREET FORWARD INITIATIVE - MODELED ON THE PILLARS THAT MADE THE ORIGINAL BLACK WALL STREET SUCCESSFUL, AND AIMS TO CONTINUE THE LEGACY OF THIS VIBRANT WORK BY SUPPORTING AND CATALYZING LOCAL LEADERS, BLACK BUSINESS OWNERS, AND CHAMPIONS. POW"HER"FUL LUNCH - A SPORADIC LUNCHEON EVENT WITH AN OPEN INVITATION FOR ALL PROFESSIONAL WOMEN TO COME, NETWORK, AND BE EMPOW"HER"ED.WOMENPRENEUR WEDNESDAY - PROVIDING A FREE AND SUPPORTIVE ENVIRONMENT WHERE WOMEN ENTREPRENEURS CAN CONNECT, COLLABORATE, AND GROW. THE INTENT IS TO SHAPE AN ATMOSPHERE WHERE WOMEN ARE FREE TO BE THEMSELVES, LEARN NEW THINGS, AND SHARE THEIR GIFTS WITH ONE ANOTHER.HUSTLE NIGHT - A SPORADIC GATHERING TO ENHANCE INCLUSIVE ENTREPRENEURSHIP WITH AN EVENING OF NETWORKING, IMPACT LEARNING, AND COMMUNITY-BUILDING. WE GATHER FOR A HUSTLE STORY, AN INNOVATION SPRINT, OR AN INTERACTIVE WORKSHOP ON A RELEVANT BUSINESS TOPIC, PRIMARILY FOCUSED ON OPERATIONS.COFFEE + CONVERSATIONS - A PROGRAM FOCUSED IN GREENSBORO TO OPEN THE FLOOR FOR LOCAL MARGINALIZED ENTREPRENEURS TO SHARE THEIR EXPERIENCES, NETWORK, AND CONNECT WITH LOCAL RESOURCES.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since March 2021.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.