Hospice & Palliative Care Inc

Analysis

Hospice & Palliative Care Inc is a registered charity in United States, based in New Hartford, NY. It received its IRS tax-exemption ruling in March 1979, 47 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 & Palliative Care Inc reported income of $6.3m and spending of $6.7m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.5m to $6.3m (-3.5%), an average of -0.9% a year. The sharpest change came in the year to December 2022, when income dropped by 16%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hospice & Palliative Care Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Bcuw-Madeline Housing Partners ($6.3m), American Association of Tissue Banks Inc ($6.3m) and Greenfield Academy Inc ($6.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $380k (5.6% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $5.2m against liabilities of $707k, net assets of $4.5m. It reported 84 employees.