Hosanna Industries Inc

Analysis

Hosanna Industries Inc is a registered charity in United States, based in Gibsonia, PA. It received its IRS tax-exemption ruling in June 1991, 35 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Hosanna Industries Inc reported income of $1.2m and spending of $1.3m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $997k to $1.2m (+18%), an average of +4.3% a year. The sharpest change came in the year to December 2022, when income rose by 65%. Over the whole period it spent 79% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hosanna Industries Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within PA. Charities of a similar size with the same main cause include Neighbors Helping Neighbors Inc ($1.2m), Support Ministries Inc ($1.2m) and Cumberland Regional Development Corporation ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 8.2% of the total. Compensation of current officers, directors and key employees was $106k (8.1% of expenses). Other salaries and wages came to $378k. At year end it held assets of $5.0m against liabilities of $26k, net assets of $5.0m. It reported 11 employees.