Hosparus Inc

Analysis

Hosparus Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in November 1977, 49 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Hosparus Inc reported income of $91.4m and spending of $84.8m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $81.4m to $91.4m (+12%), an average of +2.9% a year. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hosparus Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within KY. Charities of a similar size with the same main cause include Abraxas Alliance Inc ($91.0m), Capital Hospice ($91.9m) and Presbyterian Homes Housing and Assisted Living Inc ($90.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.1% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $3.3m (3.9% of expenses). Other salaries and wages came to $44.8m. At year end it held assets of $110.6m against liabilities of $17.1m, net assets of $93.4m. It reported 802 employees.