Hosanna

Analysis

Hosanna is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in August 1973, 53 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 March 2024, Hosanna reported income of $41.5m and spending of $34.2m, spending 82% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $29.5m to $41.5m (+41%), an average of +9.0% a year. The sharpest change came in the year to March 2024, when income rose by 42%. Over the whole period it spent 82% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hosanna 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 98th percentile, and in the 99th percentile within NM. Charities of a similar size with the same main cause include Kentucky Refugee Ministries Inc ($40.3m), Rubys Heart ($41.6m) and Charles N Sharpe Jr Foundation ($39.5m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $846k (2.5% of expenses). Other salaries and wages came to $7.3m. It paid $53k in professional fundraising fees. At year end it held assets of $73.4m against liabilities of $2.6m, net assets of $70.7m. It reported 180 employees.