Hodan Community Services Inc

Analysis

Hodan Community Services Inc is a registered charity in United States, based in Mineral Point, WI. It received its IRS tax-exemption ruling in June 1975, 51 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Hodan Community Services Inc reported income of $4.5m and spending of $3.2m, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.8m to $4.5m (+16%), an average of +3.9% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hodan Community Services Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within WI. Charities of a similar size with the same main cause include Yeshiva Ketana of Los Angeles ($4.5m), Lorge School ($4.5m) and Anna Julia Cooper School ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $95k (3.0% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $6.6m against liabilities of $197k, net assets of $6.4m. It reported 158 employees.