Hosanna

Analysis

Hosanna is a registered charity in United States, based in Hixson, TN. It received its IRS tax-exemption ruling in June 1992, 34 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, Hosanna reported income of $646k and spending of $560k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $485k to $646k (+33%), an average of +7.5% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hosanna 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 74th percentile, and in the 76th percentile within TN. Charities of a similar size with the same main cause include Solace Friends Inc ($646k), Deaf Overcoming Violence Through Empowerment - D O V E ($647k) and Bainbridge Youth Services ($646k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $76k (14% of expenses). Other salaries and wages came to $240k. At year end it held assets of $1.4m against liabilities of $11k, net assets of $1.3m.