Hosco Shift Inc

Analysis

Hosco Shift Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in October 2016, 10 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, Hosco Shift Inc reported income of $880k and spending of $1.1m, spending 124% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $1.1m to $880k (-19%), an average of -6.6% a year. The sharpest change came in the year to December 2023, when income dropped by 36%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hosco Shift Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within TN. Charities of a similar size with the same main cause include Iron Workers Locals No 15 & 424 ($880k), Columbia High School Alumni Association ($880k) and Bais Yaakov Girls High School of Minneapolis ($880k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $130k (12% of expenses). Other salaries and wages came to $440k. At year end it held assets of $1.9m against liabilities of $1.5m, net assets of $408k. It reported 25 employees.