Niagara Hospice Inc

Analysis

Niagara Hospice Inc is a registered charity in United States, based in Lockport, NY. It received its IRS tax-exemption ruling in January 1987, 39 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 June 2023, Niagara Hospice Inc reported income of $17.8m and spending of $18.9m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.1m to $17.8m (+36%), an average of +8.0% a year. The sharpest change came in the year to June 2020, when income rose by 26%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Niagara 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 97th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Savio House ($17.8m), Good Samaritan Home of Quincy ($17.8m) and Community Action Partnership of Western Nebraska ($17.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.3% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $611k (3.2% of expenses). Other salaries and wages came to $7.0m. At year end it held assets of $17.6m against liabilities of $2.2m, net assets of $15.4m. It reported 195 employees.