Hospice Cottage Inc

Analysis

Hospice Cottage Inc is a registered charity in United States, based in Worthington, MN. It received its IRS tax-exemption ruling in January 2002, 24 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 (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 Cottage Inc reported income of $194k and spending of $81k, leaving 58% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $158k to $194k (+23%), an average of +5.4% a year. The sharpest change came in the year to December 2021, when income rose by 96%. Over the whole period it spent 57% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hospice Cottage Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within MN. Charities of a similar size with the same main cause include Ohio Association of Rheumatology ($194k), Campfire Creek Therapeutic Riding Center Inc ($195k) and Montfort Rescue Squad Inc ($194k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 5.9% of the total. At year end it held assets of $2.0m against liabilities of $0, net assets of $2.0m.