Hoosier Housing Group Inc

Analysis

Hoosier Housing Group Inc is a registered charity in United States, based in Brentwood, TN. It received its IRS tax-exemption ruling in September 2014, 12 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Hoosier Housing Group Inc reported income of $1.9m and spending of $2.4m, spending 128% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $2.6m to $1.9m (-28%), an average of -6.2% a year. The sharpest change came in the year to June 2022, when income rose by 159%. Over the whole period it spent 69% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hoosier Housing Group Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within TN. Charities of a similar size with the same main cause include Housing Opportunities Milton Elderly Inc ($1.9m), Mission Square Inc ($1.9m) and Colorado Homeless Families Inc ($1.9m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 90% of the total. Other salaries and wages came to $263k. At year end it held assets of $30.3m against liabilities of $13.7m, net assets of $16.6m.