Hospice Volunteers of Waterville Area

Analysis

Hospice Volunteers of Waterville Area is a registered charity in United States, based in Waterville, ME. It received its IRS tax-exemption ruling in December 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, Hospice Volunteers of Waterville Area reported income of $140k and spending of $207k, spending 148% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $282k to $140k (-50%), an average of -16% a year. The sharpest change came in the year to December 2021, when income rose by 89%. Over the whole period it spent 111% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hospice Volunteers of Waterville Area sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 39th percentile within ME. Charities of a similar size with the same main cause include Urbano Project Inc ($140k), Friends of the Glen Cove Youth Board ($140k) and Dwipod Corporation ($140k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 5.7% of the total. At year end it held assets of $432k against liabilities of $29k, net assets of $403k.