Hoosier Families Inc

Analysis

Hoosier Families Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hoosier Families Inc reported income of $880k and spending of $815k, spending 93% of its income. Across the 3 years on record, from December 2019 to December 2023, income fell from $1.1m to $880k (-22%), an average of -12% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hoosier Families Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within IN. Charities of a similar size with the same main cause include Matan B Seter Bambi Inc ($880k), Sunset Legacy Foundation ($880k) and Sow a Seed Community Foundation ($880k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. Other salaries and wages came to $599k. At year end it held assets of $273k against liabilities of $58k, net assets of $215k.