Heritage Hospice Inc

Analysis

Heritage Hospice Inc is a registered charity in United States, based in Danville, KY. It received its IRS tax-exemption ruling in June 1982, 44 years ago. 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 June 2024, Heritage Hospice Inc reported income of $7.1m and spending of $7.5m, spending 105% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $6.7m to $7.1m (+6.7%), an average of +1.6% a year. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Heritage Hospice Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within KY. Charities of a similar size with the same main cause include St Lukes Management Inc ($7.1m), Catholic Charities of the Roman Catholic Diocese of Paterson ($7.1m) and Roncalli Institute Inc ($7.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.3% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $375k (5.0% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $4.2m against liabilities of $605k, net assets of $3.5m. It reported 78 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.