The Connecticut Hospice Inc

Analysis

The Connecticut Hospice Inc is a registered charity in United States, based in Branford, CT. It received its IRS tax-exemption ruling in September 1972, 54 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, The Connecticut Hospice Inc reported income of $20.9m and spending of $21.0m, spending 101% of its income. Across the 6 years on record, from September 2018 to September 2023, income fell from $25.1m to $20.9m (-17%), an average of -3.6% a year. The sharpest change came in the year to September 2022, when income rose by 26%. 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, The Connecticut Hospice Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CT. Charities of a similar size with the same main cause include New York Common Pantry ($20.9m), Atlanta Union Mission Corporation HCSR ($20.9m) and New Horizon Youth Homes Inc ($20.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 22% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $905k (4.3% of expenses). Other salaries and wages came to $9.5m. At year end it held assets of $24.7m against liabilities of $5.6m, net assets of $19.1m. It reported 246 employees.