Community Hospice Foundation Inc

Analysis

Community Hospice Foundation Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in April 1986, 40 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 June 2023, Community Hospice Foundation Inc reported income of $2.2m and spending of $2.2m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.1m to $2.2m (-28%), an average of -7.9% a year. The sharpest change came in the year to June 2020, when income dropped by 37%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Community Hospice Foundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Young Womens Christian Association Northeast TN and Southwest Virgin ($2.2m), New Hampshire Masonicare ($2.2m) and Specialized Health Services Inc ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% of the total. Compensation of current officers, directors and key employees was $178k (8.1% of expenses). Other salaries and wages came to $66k. At year end it held assets of $15.4m against liabilities of $8.3m, net assets of $7.2m. It reported 4 employees.