Hoseas House Inc

Analysis

Hoseas House Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in August 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Hoseas House Inc reported income of $126k and spending of $151k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $194k to $126k (-35%), an average of -10% a year. The sharpest change came in the year to December 2021, when income rose by 49%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hoseas House Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within KY. Charities of a similar size with the same main cause include Adopt a Village Inc ($126k), Good Samaritan Food Pantry ($126k) and Silverdale Whaling Days ($126k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.9% of the total. Compensation of current officers, directors and key employees was $44k (29% of expenses). Other salaries and wages came to $50k. At year end it held assets of $430k against liabilities of $0, net assets of $430k. It reported 6 employees.