Hospice of Huntington Inc

Analysis

Hospice of Huntington Inc is a registered charity in United States, based in Huntington, WV. It received its IRS tax-exemption ruling in December 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 Huntington Inc reported income of $12.0m and spending of $12.3m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.2m to $12.0m (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2022, when income rose by 21%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hospice of Huntington 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 95th percentile within WV. Charities of a similar size with the same main cause include Society for Handicapped Citizens of Medina County Inc ($11.9m), Bridging Incorporated ($12.0m) and Area Agency on Aging for North Florida Inc ($11.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.2% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $532k (4.3% of expenses). Other salaries and wages came to $5.3m. At year end it held assets of $11.5m against liabilities of $1.4m, net assets of $10.1m. It reported 149 employees.