Valley Hospice Inc

Analysis

Valley Hospice Inc is a registered charity in United States, based in Rayland, OH. It received its IRS tax-exemption ruling in April 1985, 41 years ago. 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, Valley Hospice Inc reported income of $21.8m and spending of $20.5m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $16.9m to $21.8m (+29%), an average of +6.5% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Valley Hospice Inc 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 97th percentile, and in the 97th percentile within OH. Charities of a similar size with the same main cause include Gulf Coast Teaching Family Services Incorporated ($21.8m), Pawnee Mental Health Service Inc ($21.9m) and St Anthonys Hospital Association ($21.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.0% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $169k (0.8% of expenses). Other salaries and wages came to $7.6m. At year end it held assets of $13.0m against liabilities of $3.6m, net assets of $9.4m. It reported 196 employees.