Hosanna Apostolic Ministries Broadcasting Corporation

Analysis

Hosanna Apostolic Ministries Broadcasting Corporation is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in October 2023, 3 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Apostolic Ministries Broadcasting Corporation reported income of $286k and spending of $292k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $107k to $286k (+167%), an average of +28% a year. The sharpest change came in the year to December 2022, when income rose by 982%. Over the whole period it spent 63% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hosanna Apostolic Ministries Broadcasting Corporation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 64th percentile within FL. Charities of a similar size with the same main cause include Iglesia Pentecostal El Buen Pastor Inc ($286k), Archangel Gabriel Enterprises Inc ($286k) and Yancy Ministries Inc ($286k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $38k. At year end it held assets of $461k against liabilities of $0, net assets of $461k.