Hosean International Ministries Inc

Analysis

Hosean International Ministries Inc is a registered charity in United States, based in Little Rock, AR. It received its IRS tax-exemption ruling in July 1986, 40 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Hosean International Ministries Inc reported income of $475k and spending of $541k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $590k to $475k (-19%), an average of -5.3% a year. The sharpest change came in the year to December 2023, when income dropped by 30%. Over the whole period it spent 98% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Hosean International Ministries Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within AR. Charities of a similar size with the same main cause include Daybreak Development Corporation ($475k), Healthcare in Haiti Inc ($475k) and Resonate Workshops ($475k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $48k (8.9% of expenses). Other salaries and wages came to $34k. At year end it held assets of $174k against liabilities of $2,622, net assets of $171k. It reported 3 employees.