Hospice of Southern Kentucky Inc

Analysis

Hospice of Southern Kentucky Inc is a registered charity in United States, based in Bowling Green, KY. It received its IRS tax-exemption ruling in July 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, Hospice of Southern Kentucky Inc reported income of $9.4m and spending of $8.0m, spending 85% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $4.9m to $9.4m (+91%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hospice of Southern Kentucky Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within KY. Charities of a similar size with the same main cause include Learning Forward ($9.4m), West Virginia School of Osteopathic Medicine Clinic Inc ($9.4m) and Greater Wyoming Valley Area YMCA ($9.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 5.8% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $400k (5.0% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $11.5m against liabilities of $616k, net assets of $10.9m. It reported 94 employees.