Holy Redeemer Hospice Inc

Analysis

Holy Redeemer Hospice Inc is a registered charity in United States, based in Runnemede, NJ. It received its IRS tax-exemption ruling in March 1999, 27 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, Holy Redeemer Hospice Inc reported income of $2.2m and spending of $2.6m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.6m to $2.2m (-39%), an average of -12% a year. The sharpest change came in the year to June 2023, when income dropped by 22%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Holy Redeemer Hospice 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 89th percentile within NJ. Charities of a similar size with the same main cause include Orchard Place Foundation ($2.2m), Tin Man Ministries ($2.2m) and South Asian Helpline and Referralagency ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.4% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $66k (2.6% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $8.3m against liabilities of $10.1m, net assets of -$1.7m. It reported 29 employees.