Hope Hospice Inc

Analysis

Hope Hospice Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in October 1997, 29 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Hope Hospice Inc reported income of $2.1m and spending of $1.6m, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $2.1m (+46%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 44%. Over the whole period it spent 79% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hope Hospice Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within PA. Charities of a similar size with the same main cause include Heals Inc ($2.1m), Mercy & Truth Healthcare Ministry Inc ($2.1m) and Washington State Assn of Local Public Health Officials ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $112k (7.0% of expenses). Other salaries and wages came to $789k. At year end it held assets of $3.1m against liabilities of $14k, net assets of $3.1m. It reported 30 employees.