Hochi Institute
- Assets
- $345.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- San Jose, CA
- Founding
- 11/1993
- Data as of
- 10/2023
- EIN
- 95-4400207
Organization Overview
Hochi Institute is located in San Jose, CA. The organization was established in 1993. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hochi Institute is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 10/2023, Hochi Institute generated $176.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $94.3k during the year ending 10/2023. As we would expect to see with falling revenues, expenses have declined by (12.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SPIRITUAL CULTIVATION AND PRACTICE
Describe the Organization's Program Activity:
Part 3
46 VOLUNTEERS OFFERED TOTAL 150 HOURS OF UNIVERSAL LOVE LIGHT HEALING HANDS SERVICES TO GENERAL, PUBLIC. 500 PEOPLE BENEFITED FROM THE FREE SERVICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Chou CEO | 40 | $48,000 | |
Ruby Lai President | 10 | $0 | |
Jin Tyi Cheng-Kao Secretary | 10 | $0 | |
Pei Wang CFO | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $149,374 |
| Total Program Service Revenue | $26,889 |
| Membership dues | $0 |
| Investment income | $641 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $176,904 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $54,574 |
| Professional fees and other payments to independent contractors | $2,518 |
| Occupancy, rent, utilities, and maintenance | $15,621 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $21,633 |
| Total expenses | $94,346 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $331,514 |
| Other assets | $0 |
| Total assets | $345,936 |
| Total liabilities | $0 |
| Net assets or fund balances | $345,936 |