Hospice of St Lawrence Valley Inc

Analysis

Hospice of St Lawrence Valley Inc is a registered charity in United States, based in Potsdam, NY. It received its IRS tax-exemption ruling in June 1988, 38 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 December 2023, Hospice of St Lawrence Valley Inc reported income of $3.4m and spending of $3.3m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.5m to $3.4m (-23%), an average of -6.4% a year. The sharpest change came in the year to December 2023, when income dropped by 15%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hospice of St Lawrence Valley Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Aging Office of Western Nebraska ($3.4m), Arlington Childrens Center Inc ($3.4m) and North East Community Center Association ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $191k (5.9% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $4.9m against liabilities of $227k, net assets of $4.7m. It reported 47 employees.