Hospitality House Therapeutic Community Inc

Analysis

Hospitality House Therapeutic Community Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in January 1973, 53 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hospitality House Therapeutic Community Inc reported income of $3.4m and spending of $3.4m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $3.4m (+89%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 64%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hospitality House Therapeutic Community Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Jewish Council for Public Affairs ($3.4m), Hospital Sisters Mission Outreach Corporation ($3.4m) and Southeastern Connecticut Enterprise Region Corporation ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.2% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $261k (7.6% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $5.1m against liabilities of $3.6m, net assets of $1.4m.