Hospice of Miami County Inc

Analysis

Hospice of Miami County Inc is a registered charity in United States, based in Troy, OH. It received its IRS tax-exemption ruling in May 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 December 2023, Hospice of Miami County Inc reported income of $12.1m and spending of $11.2m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.4m to $12.1m (+28%), an average of +6.4% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hospice of Miami County Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within OH. Charities of a similar size with the same main cause include Community Action Partnership of Greater St Joseph ($12.1m), New Jersey Council of County Colleges ($12.1m) and Seabrook of Hilton Head Inc ($12.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.1% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $124k (1.1% of expenses). Other salaries and wages came to $4.7m. At year end it held assets of $23.9m against liabilities of $14.3m, net assets of $9.6m. It reported 88 employees.