Old Colony Hospice Inc

Analysis

Old Colony Hospice Inc is a registered charity in United States, based in W Bridgewater, MA. It received its IRS tax-exemption ruling in September 1985, 41 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 September 2023, Old Colony Hospice Inc reported income of $14.8m and spending of $15.0m, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $12.6m to $14.8m (+17%), an average of +4.0% a year. The sharpest change came in the year to September 2021, when income rose by 20%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Old Colony Hospice Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MA. Charities of a similar size with the same main cause include National Captioning Institute Inc ($14.8m), Dallas Childrens Advocacy Center ($14.8m) and Chinese Mutual Aid Association Inc ($14.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.9% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $395k (2.6% of expenses). Other salaries and wages came to $8.2m. At year end it held assets of $10.9m against liabilities of $1.8m, net assets of $9.1m. It reported 142 employees.