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HUSTLE USA

PHOENIX, AZ · EIN 825134812 · Form 990 · FY2020 · NTEE J22 · Employment · Small ($100K-$1M) · hustleusa.org
revenue
$610K
expenses
$315K
net assets
$464K
employees
6
volunteers
70
program ratio
13%
mission · from form 990

THE ORGANIZATION PROVIDES INTELLETUAL AND FINANCIAL CAPITAL TO LOW INCOME/UNDER-SERVED ENTREPRENEURS AIDING THEM TO START AND SUSTAIN SUCESSFUL BUSINESSES THAT GLORIFY GOD AND SERVE THEIR NEIGHBORS

profile · synthesized from sources

Hustle USA provides intellectual, social, and financial capital to low-income, underserved entrepreneurs to help them start and sustain successful businesses. The organization offers business development programs, mentorship, technical assistance, and micro-loans. It aims to promote community development and wealth creation in low-income communities, primarily in Phoenix, Arizona, and throughout the United States.

named programs · 6 · from sources

what they call their work

Hustle 101
A 14-week business development program for aspiring entrepreneurs to turn ideas into sustainable businesses, featuring in-person labs, virtual workshops, guest speakers, and a Pitch Night.
Hustle 202
A 9-month program for entrepreneurs to validate business concepts, providing personal business mentorship, technical assistance (accounting, marketing, web development, business law), and culminating in a comprehensive business portfolio.
Hustle 303
A 1-year program for entrepreneurs to build sustainable and successful businesses, offering an advisor team of volunteer business professionals, interdisciplinary workshops, mentorship, and community building.
Hustle USA Affinity Lending Program
Provides micro-loans up to $2,500 in a group setting, with payments reported to credit bureaus, and includes business consulting and monthly workshops for networking and credit building.
Hustle USA Impact Loan
Provides access to capital for established low-income/underserved entrepreneurs who have operated their business for at least 2 years, with loan amounts ranging from $25,000 to $50,000 for growth.
Hustle USA Small Business Loan
Provides access to capital for business purposes, ranging from $2,500 to $25,000, helping emerging entrepreneurs establish or improve credit history.
activities · 2 clusters

what they do

  • Entrepreneurship Accelerator & Training Programs 6 activities
    • Business Development Training Programs
      Offers structured business development programs including a 14-week course for aspiring entrepreneurs featuring weekly teaching, discussions, and interactive learning, as well as a 9-month program providing mentorship, technical assistance, and business portfolio development. Also runs a 1-year program with expert-led workshops, advisor teams, and peer fellowship to support business growth.
    • Entrepreneurial Training and Mentorship Programs
      Offers various business development programs, including a 14-week course for aspiring entrepreneurs to develop and launch business ideas, a 9-month program with personal mentorship and technical assistance for validating and scaling businesses, and a 1-year program with advisor teams and workshops for business growth. These programs include weekly teaching, discussions, interactive learning, and mentorship from experienced business owners.
    • Entrepreneurship Training and Incubation Programs
      Offers structured business development programs ranging from 14-week courses to 9-month and 1-year programs that include business training, mentorship, technical assistance, workshops, and peer fellowship to help aspiring and existing entrepreneurs launch, validate, and scale sustainable businesses. Programs are delivered in person, including in Phoenix, with a faith-based option available.
    • Entrepreneurship Training and Mentorship Programs
      Offers various business development programs, including 14-week courses for aspiring entrepreneurs to develop and launch businesses, and 9-month to 1-year programs providing personal mentorship, technical assistance, expert-led workshops, and peer fellowship to help entrepreneurs validate, scale, and grow their businesses.
    • Faith-Based Business Development
      Offers a business development program in Phoenix that integrates Christian faith principles into the creation and operation of sustainable ventures, supporting entrepreneurs seeking to align their businesses with religious values.
    • Mentorship and Technical Assistance
      Pairs aspiring entrepreneurs with experienced business owners for personalized mentorship to support business incubation, design, launch, and scaling. Includes ongoing technical assistance and consulting services as part of program offerings.
  • Microloan Programs with Training 4 activities
    • Small Business Lending
      Provides small business loans ranging from micro-loans up to $2,500 through its Affinity Lending Program, to larger loans up to $50,000 through the Community Development Loan Fund, to help entrepreneurs access capital, improve credit, and expand employment opportunities in underserved communities.
    • Small Business Lending
      Provides small business loans ranging from micro-loans up to $2,500, to larger loans up to $50,000, through its Community Development Loan Fund and Affinity Lending Program, to support entrepreneurs in underserved communities, improve credit profiles, and facilitate business growth and expansion.
    • Small Business Lending Program
      Provides small business loans through multiple loan products: micro-loans up to $2,500 via the Affinity Lending Program, loans from $2,500 to $25,000 for emerging entrepreneurs, and Impact Loans of $25,000 to $50,000 for established entrepreneurs in underserved communities. Loan payments are reported to credit bureaus to help borrowers build credit.
    • Small Business Lending Programs
      Provides small business loans through multiple loan products, including micro-loans up to $2,500 (Affinity Lending Program), loans from $2,500 to $25,000 for emerging entrepreneurs, and Impact Loans of $25,000 to $50,000 for established entrepreneurs in underserved communities. Loan payments are reported to credit bureaus to help borrowers build credit history.
financials · form 990 · fy2020

the money

revenue
Total revenue$610K
Contributions & grants$609K100%
Program service revenue$5000%
Investment income$2400%
Other revenue$0
expenses
Total expenses$315K
Program expenses13%
Admin / overhead86%
Fundraising1%
Salaries & benefits$233K
Grants paid out$250
Largest expense lineCompensation
balance sheet
Total assets$660K
Cash$655K
Investments$0
Liabilities$196K
Net assets$464K
Liquid reserves24.9 mo
1 years on record · 2020–2020
leadership · form 990 part vii · fy2020

who runs it

paid leadership · 1
NameTitleHours/wkCompensation
CHRISTOPHER OYE WADDELL EXECUTIVE DIRECTOR/FOUNDER 60 $37K
relationships · 5

who they work with

  • Community Development Financial Institutions (CDFIs) Network — Collaborates with CDFIs and nonprofit lenders in offering safe and affordable consumer loans.
  • U.S. Department of the Treasury Government — Operates in accordance with federal law and U.S. Department of the Treasury policy regarding non-discrimination.
  • U.S. Department of the Treasury Government — Operates in accordance with federal law and U.S. Department of the Treasury policy, which prohibits discrimination.
  • U.S. Department of the Treasury Government — Operates in compliance with U.S. Department of the Treasury anti-discrimination policies.
  • Volunteer business professionals Partner — Volunteer business professionals serve as mentors, advisors, and facilitators in Hustle USA programs.