Meridian Hospice

Analysis

Meridian Hospice is a registered charity in United States, based in Downers Grove, IL. It received its IRS tax-exemption ruling in April 1982, 44 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, Meridian Hospice reported income of $33.9m and spending of $33.1m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $34.8m to $33.9m (-2.6%), an average of -0.7% a year. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Meridian Hospice sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IL. Charities of a similar size with the same main cause include Volunteers of America Inc ($33.9m), Interagency Council of Developmental Disabilities Agencie ($33.9m) and Child and Family Service ($33.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $273k (0.8% of expenses). Other salaries and wages came to $16.2m. At year end it held assets of $40.5m against liabilities of $2.8m, net assets of $37.7m. It reported 219 employees.