Hostelingon

Analysis

Hostelingon is a registered charity in United States, based in Monterey, CA. It received its IRS tax-exemption ruling in January 2022, 4 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, Hostelingon reported income of $112k and spending of $87k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $100k to $112k (+12%), an average of +12% a year. Over the whole period it spent 42% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hostelingon sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 42nd percentile within CA. Charities of a similar size with the same main cause include Pepperell Aid From Community to Home Outreach ($112k), North Allegheny Orchestra Parents Association ($112k) and Follow My Steps Foundation Inc ($112k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $125k against liabilities of $770, net assets of $124k.