Hospice Foundation of Western New York Inc

Analysis

Hospice Foundation of Western New York Inc is a registered charity in United States, based in Cheektowaga, NY. It received its IRS tax-exemption ruling in March 1992, 34 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Foundation of Western New York Inc reported income of $13.7m and spending of $12.4m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.5m to $13.7m (+147%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 64%. Over the whole period it spent 57% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hospice Foundation of Western New York Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include The Fuller Foundation ($13.7m), Greater Worcester Community Foundation Inc ($13.7m) and Golf Charitable Foundation of Greater Des Moines ($13.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% of the total. Compensation of current officers, directors and key employees was $146k (1.2% of expenses). Other salaries and wages came to $519k. At year end it held assets of $55.8m against liabilities of $158k, net assets of $55.6m. It reported 13 employees.