Hoskins Park Ministries Inc

Analysis

Hoskins Park Ministries Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in April 2007, 19 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 (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, Hoskins Park Ministries Inc reported income of $401k and spending of $312k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $354k to $401k (+13%), an average of +3.2% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 75% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hoskins Park Ministries Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within NC. Charities of a similar size with the same main cause include Pinn Gardens Inc ($401k), Nashville Launch Pad Inc ($402k) and Ryder Assisted Care Inc ($401k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $62k (20% of expenses). Other salaries and wages came to $54k. At year end it held assets of $945k against liabilities of $125k, net assets of $820k. It reported 3 employees.