Center for Hope Hospice Inc

Analysis

Center for Hope Hospice Inc is a registered charity in United States, based in Scotch Plains, NJ. It received its IRS tax-exemption ruling in September 1983, 43 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending February 2024, Center for Hope Hospice Inc reported income of $14.1m and spending of $15.7m, spending 111% of what it took in. Across the 5 years on record, from February 2020 to February 2024, income grew from $11.5m to $14.1m (+23%), an average of +5.3% a year. The sharpest change came in the year to February 2022, when income rose by 26%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Center for Hope Hospice Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NJ. Charities of a similar size with the same main cause include Community Living Services Incorporated ($14.1m), Morrow Memorial Home for the Aged ($14.1m) and Childrens Hunger Alliance ($14.1m).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 11% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $572k (3.7% of expenses). Other salaries and wages came to $8.8m. It paid $28k in professional fundraising fees. At year end it held assets of $13.6m against liabilities of $4.7m, net assets of $8.8m. It reported 230 employees.