Hosanna Community Foundation Inc

Analysis

Hosanna Community Foundation Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in August 1969, 57 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Community Foundation Inc reported income of $657k and spending of $656k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $587k to $657k (+12%), an average of +2.9% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hosanna Community Foundation Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within FL. Charities of a similar size with the same main cause include Mid-Iowa Workshops Inc ($657k), Franklin County Local Development Corporation ($657k) and Kings Care a Safe Place Inc ($656k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $269k. At year end it held assets of $128k against liabilities of $34k, net assets of $94k. It reported 11 employees.