Hourcar

Analysis

Hourcar is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in September 2017, 9 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, Hourcar reported income of $4.2m and spending of $4.2m, spending 100% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $687k to $4.2m (+513%), an average of +44% a year. The sharpest change came in the year to December 2022, when income rose by 85%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hourcar sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MN. Charities of a similar size with the same main cause include Monarch Services-Servicios Monarca ($4.2m), Port Chester Carver Center Inc ($4.2m) and Least of These Inc ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $172k (4.1% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $2.2m against liabilities of $1.8m, net assets of $468k. It reported 40 employees.