Hoosier Care Inc

Analysis

Hoosier Care Inc is a registered charity in United States, based in Brentwood, TN. It received its IRS tax-exemption ruling in August 1989, 37 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Hoosier Care Inc reported income of $24.0m and spending of $26.2m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $17.7m to $24.0m (+35%), an average of +7.9% a year. The sharpest change came in the year to June 2021, when income rose by 46%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hoosier Care Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TN. Charities of a similar size with the same main cause include Academy for Classical Education Inc ($24.0m), Easter Seals New York Inc ($24.0m) and Living Planet Inc ($23.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Other salaries and wages came to $8.7m. At year end it held assets of $60.3m against liabilities of $77.0m, net assets of -$16.7m. It reported 436 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.