Hospice of Chenango County Inc

Analysis

Hospice of Chenango County Inc is a registered charity in United States, based in Norwich, NY. It received its IRS tax-exemption ruling in April 1994, 32 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 December 2023, Hospice of Chenango County Inc reported income of $1.3m and spending of $2.0m, spending 149% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.9m to $1.3m (-30%), an average of -8.4% a year. The sharpest change came in the year to December 2022, when income dropped by 21%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hospice of Chenango County Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Warren & Velda Wilson Foundation ($1.3m), Oregon 4-H Foundation ($1.3m) and Cherokee Child Advocacy Council Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.7% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $326k (16% of expenses). At year end it held assets of $3.5m against liabilities of $258k, net assets of $3.3m. It reported 20 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.