Hospice of Central Ohio

Analysis

Hospice of Central Ohio is a registered charity in United States, based in Newark, OH. It received its IRS tax-exemption ruling in May 1983, 43 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 Central Ohio reported income of $28.5m and spending of $27.5m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $23.9m to $28.5m (+19%), an average of +4.5% a year. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hospice of Central Ohio sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within OH. Charities of a similar size with the same main cause include Delta Area Economic Opportunity Corporation ($28.5m), Ashtabula County Medical Center Group Return ($28.5m) and Marwood Manor Nursing Home ($28.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.4% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $801k (2.9% of expenses). Other salaries and wages came to $11.9m. At year end it held assets of $13.8m against liabilities of $5.4m, net assets of $8.4m. It reported 238 employees.