Presbyterian Homes Hospice Inc

Analysis

Presbyterian Homes Hospice Inc is a registered charity in United States, based in Roseville, MN. It received its IRS tax-exemption ruling in July 2008, 18 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 September 2023, Presbyterian Homes Hospice Inc reported income of $11.8m and spending of $9.6m, spending 81% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $9.2m to $11.8m (+29%), an average of +6.6% a year. The sharpest change came in the year to September 2021, when income rose by 17%. Over the whole period it spent 69% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Presbyterian Homes Hospice Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MN. Charities of a similar size with the same main cause include Health Ventures ($11.8m), Good Shepherd-Fairview Home Inc ($11.8m) and Sterling Area Health Center ($11.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.4% and program service revenue 99% of the total. Other salaries and wages came to $5.7m. At year end it held assets of $26.6m against liabilities of $1.1m, net assets of $25.4m.