Hoosier Manor Inc

Analysis

Hoosier Manor Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in July 1981, 45 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, Hoosier Manor Inc reported income of $718k and spending of $1.5m, spending 207% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $887k to $718k (-19%), an average of -5.2% a year. The sharpest change came in the year to December 2023, when income dropped by 24%. Over the whole period it spent 111% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hoosier Manor Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within IN. Charities of a similar size with the same main cause include Fayetteville State University Student Housing Corporation ($717k), H S C No 5 Housing Development Fund Co Inc ($718k) and Helping Arms Inc ($717k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 37% of the total. Other salaries and wages came to $151k. At year end it held assets of $1.6m against liabilities of $2.6m, net assets of -$1.0m. It reported 3 employees.