Preferred Hospice Inc

Analysis

Preferred Hospice Inc is a registered charity in United States, based in Cedar Bluff, VA. It received its IRS tax-exemption ruling in June 2004, 22 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 (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, Preferred Hospice Inc reported income of $2.1m and spending of $2.7m, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.6m to $2.1m (-20%), an average of -5.3% a year. The sharpest change came in the year to December 2021, when income dropped by 25%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Preferred 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 87th percentile within VA. Charities of a similar size with the same main cause include California Black Womens Health Project ($2.1m), Solidaridad Sin Fronteras Inc ($2.1m) and Alabama Free Clinic Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $139k (5.1% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $2.1m against liabilities of $187k, net assets of $1.9m. It reported 42 employees.