Hosea Initiative Inc

Analysis

Hosea Initiative Inc is a registered charity in United States, based in Cape Coral, FL. It received its IRS tax-exemption ruling in December 2013, 13 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Hosea Initiative Inc reported income of $111k and spending of $121k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $224k to $111k (-50%), an average of -16% a year. The sharpest change came in the year to December 2022, when income rose by 87%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hosea Initiative Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 43rd percentile within FL. Charities of a similar size with the same main cause include Forney Historic Preservation League Inc ($111k), Fayetteville Family Life Center Inc ($111k) and Red Stocking Fund Inc ($111k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $31k against liabilities of $9,000, net assets of $22k.