Hospice of Jefferson County Inc

Analysis

Hospice of Jefferson County Inc is a registered charity in United States, based in Watertown, NY. It received its IRS tax-exemption ruling in June 1992, 34 years ago. 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, Hospice of Jefferson County Inc reported income of $3.6m and spending of $3.4m, spending 95% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.7m to $3.6m (+33%), an average of +7.3% a year. The sharpest change came in the year to September 2021, when income rose by 25%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hospice of Jefferson County Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Visually Impaired Preschoolers Services of Greater Louisville Inc ($3.6m), Louisiana Foundation Against Sexual Assault Inc ($3.6m) and Recreation Rooms and Settlement ($3.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $210k (6.2% of expenses). At year end it held assets of $8.7m against liabilities of $262k, net assets of $8.4m. It reported 82 employees.