Hochi Institute

Analysis

Hochi Institute is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in November 1993, 33 years ago. 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 October 2023, Hochi Institute reported income of $177k and spending of $94k, leaving 47% of income unspent that year. Across the 4 years on record, from October 2019 to October 2023, income grew from $96k to $177k (+85%), an average of +23% a year. The sharpest change came in the year to October 2020, when income rose by 209%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hochi Institute sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 53rd percentile within CA. Charities of a similar size with the same main cause include Loveland Rotary Club Foundation ($177k), Appalachian Studies Association Inc ($177k) and Plumbers and Steamfitters Local Union No 489 Training Fund ($177k).

On its Form 990-EZ for the period ending October 2023, revenue came from contributions and grants 84% and program service revenue 15% of the total. At year end it held assets of $346k against liabilities of $0, net assets of $346k.