Hoosier Care Inc

Analysis

Hoosier Care Inc is a registered charity in United States, based in Brentwood, TN. It received its IRS tax-exemption ruling in August 1989, 37 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 June 2023, Hoosier Care Inc reported income of $8.1m and spending of $8.5m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.4m to $8.1m (+83%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 23%. Over the whole period it spent 117% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hoosier Care Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within TN. Charities of a similar size with the same main cause include The Thompson Cancer Survival Center ($8.1m), Community Transportation Association of America ($8.1m) and Cokato Charitable Trust ($8.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $2.9m. At year end it held assets of $2.0m against liabilities of $6.7m, net assets of -$4.7m. It reported 152 employees.