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 $43.3m and spending of $30.7m, leaving 29% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $31.1m to $43.3m (+39%), an average of +8.6% a year. The sharpest change came in the year to June 2020, when income rose by 33%. Over the whole period it spent 72% 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 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within TN. Charities of a similar size with the same main cause include Young Mens Christian Association of Greater San Antonio ($43.3m), Archbold Medical Center Inc ($43.3m) and Eden Autism Services Inc ($43.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.6% and program service revenue 97% of the total. Other salaries and wages came to $14.0m. At year end it held assets of $33.7m against liabilities of $14.1m, net assets of $19.6m. It reported 484 employees.