Hospice of the Valley

Analysis

Hospice of the Valley is a registered charity in United States, based in Youngstown, OH. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Hospice of the Valley reported income of $12.6m and spending of $13.5m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $17.2m to $12.6m (-27%), an average of -7.5% a year. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hospice of the Valley sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within OH. Charities of a similar size with the same main cause include United Methodist Homes and Services ($12.6m), Perseus House Inc ($12.6m) and Audubon Retirement Village Inc ($12.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.6% and program service revenue 90% of the total. Other salaries and wages came to $5.8m. At year end it held assets of $14.1m against liabilities of $2.5m, net assets of $11.7m. It reported 89 employees.