Hospers Area Development Corporation

Analysis

Hospers Area Development Corporation is a registered charity in United States, based in Hospers, IA. It received its IRS tax-exemption ruling in April 1990, 36 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 December 2023, Hospers Area Development Corporation reported income of $92k and spending of $55k, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $89k to $92k (+3.0%), an average of +0.7% a year. The sharpest change came in the year to December 2022, when income dropped by 111%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hospers Area Development Corporation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within IA. Charities of a similar size with the same main cause include Festivals Fredonia Inc ($92k), Love America Inc ($92k) and Institute for Contemplation and Dialogue ($92k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.4% and program service revenue 94% of the total. At year end it held assets of $656k against liabilities of $0, net assets of $656k.