Hospice of the Valley Inc

Analysis

Hospice of the Valley Inc is a registered charity in United States, based in Glenwood Springs, CO. It received its IRS tax-exemption ruling in January 2009, 17 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 December 2023, Hospice of the Valley Inc reported income of $3.8m and spending of $4.4m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.2m to $3.8m (-27%), an average of -7.5% a year. The sharpest change came in the year to December 2021, when income dropped by 20%. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hospice of the Valley Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CO. Charities of a similar size with the same main cause include Young Mens Christian Association ($3.8m), Al Otro Lado Inc ($3.9m) and Millbrook Community Partnership Inc ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $534k (12% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $1.0m against liabilities of $641k, net assets of $405k. It reported 65 employees.