Hospice of the Western Reserve Inc

Analysis

Hospice of the Western Reserve Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in November 1978, 48 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 the Western Reserve Inc reported income of $87.8m and spending of $87.1m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $78.6m to $87.8m (+12%), an average of +2.8% a year. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hospice of the Western Reserve Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within OH. Charities of a similar size with the same main cause include Hospice & Palliative Care Charlotte Region ($87.7m), Jewish Family Service of Los Angeles ($87.8m) and Acacia Center for Justice ($87.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.8% and program service revenue 92% of the total. Other salaries and wages came to $35.6m. At year end it held assets of $117.4m against liabilities of $24.7m, net assets of $92.7m.