Hudson Valley Hospice Inc

Analysis

Hudson Valley Hospice Inc is a registered charity in United States, based in Poughkeepsie, NY. It received its IRS tax-exemption ruling in October 1984, 42 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 December 2023, Hudson Valley Hospice Inc reported income of $46.7m and spending of $42.5m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $19.0m to $46.7m (+145%), an average of +25% a year. The sharpest change came in the year to December 2021, when income rose by 48%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hudson Valley Hospice Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Kennebec Valley Community Action Program ($46.7m), Little City Foundation ($46.7m) and Community Services for Every1 Inc ($46.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.7% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $829k (1.9% of expenses). Other salaries and wages came to $23.5m. At year end it held assets of $40.3m against liabilities of $11.9m, net assets of $28.4m. It reported 431 employees.