Hoseas House Inc
Hoseas House Inc. maintains stable assets and zero liabilities despite fluctuating revenues and occasional operating deficits.
EIN: 203161219 · Louisville, KY · NTEE: P43 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $148K |
| Total Expenses | $151K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $148,344. |
| Net Assets | $430K |
| Transparency Score | 88/100 |
Is Hoseas House Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hoseas House Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hoseas House Inc
Hoseas House Inc (EIN: 203161219) is a nonprofit organization based in Louisville, KY, classified under NTEE code P43. The organization reported total revenue of $148K and total assets of $413K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hoseas House Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hoseas House Inc is a small nonprofit that has been operating for 20 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of -1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $126K |
| Total Expenses | $151K |
| Surplus / Deficit | $-25,205 |
| Total Assets | $430K |
| Net Assets | $430K |
| Operating Margin | -20.0% |
| Months of Reserves | 34.2 months |
Financial Health Grade: B
In 2023, Hoseas House Inc reported a deficit of $25K with expenses exceeding revenue, holds 34.2 months of operating reserves (strong position).
Financial Trends
Over 7 years of filings (2017–2023), Hoseas House Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.6% | -34.6% | -5.5% |
| 2022 | -48.8% | +1.1% | +3.0% |
| 2021 | +49.4% | +27.1% | +13.6% |
| 2020 | -2.9% | -16.0% | +2.3% |
| 2019 | -24.2% | +28.1% | +39.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hoseas House Inc with a Mission Score of 88 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Hoseas House Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $25K, with expenses exceeding revenue.
Executive Compensation Analysis
Hoseas House Inc. reports 0% officer compensation across all available filings, indicating that its leadership is either unpaid or compensated through non-officer roles, which is highly efficient for an organization of its size with latest revenue of $148,344.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Hoseas House Inc's IRS 990 filings:
- Expenses exceeded revenue in multiple recent years (e.g., 2023 and 2022), indicating reliance on prior surpluses or asset drawdowns.
Strengths
The following positive indicators were identified for Hoseas House Inc:
- Consistent reporting of zero liabilities across all periods, indicating strong financial health and no debt.
- Significant growth in assets from $183,413 in 2017 to $430,030 in 2023, demonstrating long-term financial building.
- 0% officer compensation reported, suggesting highly efficient use of funds for mission-related activities.
- Consistent IRS 990 filing history over seven periods, indicating strong commitment to transparency.
Frequently Asked Questions about Hoseas House Inc
Is Hoseas House Inc a legitimate charity?
Hoseas House Inc (EIN: 203161219) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 88/100. It has 7 years of IRS 990 filings on record. Total revenue: $148K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Hoseas House Inc spend its money?
Hoseas House Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Hoseas House Inc tax-deductible?
Hoseas House Inc is registered as a tax-exempt nonprofit (EIN: 203161219). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hoseas House Inc CEO make?
Hoseas House Inc's highest-compensated officer earns $148,344. annually. The organization reported $148K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Hoseas House Inc's spending goes to programs?
Hoseas House Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hoseas House Inc compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Hoseas House Inc is above average for NTEE category P43 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hoseas House Inc located?
Hoseas House Inc is headquartered in Louisville, Kentucky and files with the IRS under EIN 203161219. It is classified under NTEE code P43.
How many years of IRS 990 filings does Hoseas House Inc have?
Hoseas House Inc has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $148K in total revenue.
Is Hoseas House Inc. financially stable?
Yes, Hoseas House Inc. appears financially stable. Despite some years where expenses exceeded revenue (e.g., 2023 and 2022), the organization has consistently maintained zero liabilities and has grown its assets from $183,413 in 2017 to $430,030 in 2023.
How does Hoseas House Inc. manage its executive compensation?
Hoseas House Inc. reports 0% officer compensation in all available filings, suggesting a highly efficient model where executive leadership is either volunteer-based or compensated through other means not classified as officer compensation, maximizing funds for programs.
What is the trend in Hoseas House Inc.'s revenue?
Hoseas House Inc.'s revenue has fluctuated over the years, peaking at $280,881 in 2021 and dropping to $125,746 in 2023. This indicates variability in funding sources or grant cycles.
Filing History
IRS 990 filing history for Hoseas House Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Hoseas House Inc's revenue has declined by 6.4%, moving from $134K to $126K. Total assets increased by 134.5% over the same period, from $183K to $430K. Total functional expenses rose by 39.4%, from $108K to $151K. In its most recent filing year (2023), Hoseas House Inc reported a deficit of $25K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $126K | $151K | $430K | $0 | — | — |
| 2022 | $144K | $231K | $455K | $0 | — | — |
| 2021 | $281K | $228K | $442K | $0 | — | View 990 |
| 2020 | $188K | $179K | $389K | $0 | — | View 990 |
| 2019 | $194K | $214K | $381K | $0 | — | View 990 |
| 2018 | $255K | $167K | $272K | $0 | — | View 990 |
| 2017 | $134K | $108K | $183K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $126K, expenses of $151K, and assets of $430K (revenue -12.6% year-over-year).
- 2022: Revenue of $144K, expenses of $231K, and assets of $455K (revenue -48.8% year-over-year).
- 2021: Revenue of $281K, expenses of $228K, and assets of $442K (revenue +49.4% year-over-year).
- 2020: Revenue of $188K, expenses of $179K, and assets of $389K (revenue -2.9% year-over-year).
- 2019: Revenue of $194K, expenses of $214K, and assets of $381K (revenue -24.2% year-over-year).
- 2018: Revenue of $255K, expenses of $167K, and assets of $272K (revenue +90.1% year-over-year).
- 2017: Revenue of $134K, expenses of $108K, and assets of $183K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hoseas House Inc:
Data Sources and Methodology
This transparency report for Hoseas House Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.