Loving Care Hospice Inc

Analysis

Loving Care Hospice Inc is a registered charity in United States, based in Marysville, OH. It received its IRS tax-exemption ruling in April 1993, 33 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Loving Care Hospice Inc reported income of $1.8m and spending of $1.8m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.3m to $1.8m (-46%), an average of -14% a year. The sharpest change came in the year to December 2023, when income dropped by 47%. Over the whole period it spent 106% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Loving Care Hospice Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within OH. Charities of a similar size with the same main cause include Community Free Clinic of Decatur- Morgan County Inc ($1.8m), SVH Real Estate Inc ($1.8m) and Vets Veterans Exploring Treatment Solutions Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.9% and program service revenue 92% of the total. Other salaries and wages came to $889k. At year end it held assets of $706k against liabilities of $750k, net assets of -$44k. It reported 26 employees.