Hospice of Kankakee Valley Inc

Analysis

Hospice of Kankakee Valley Inc is a registered charity in United States, based in Bourbonnais, IL. It received its IRS tax-exemption ruling in April 1985, 41 years ago. 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 Kankakee Valley Inc reported income of $9.9m and spending of $10.2m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $12.4m to $9.9m (-20%), an average of -5.4% a year. The sharpest change came in the year to December 2020, when income dropped by 16%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hospice of Kankakee Valley Inc 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 95th percentile, and in the 95th percentile within IL. Charities of a similar size with the same main cause include Prince William Sound Science & Technology Institute ($9.9m), Southland Integrated Services Inc ($9.9m) and Northwest Classical Academy Inc ($9.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.3% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $135k (1.3% of expenses). Other salaries and wages came to $5.1m. At year end it held assets of $22.2m against liabilities of $845k, net assets of $21.4m. It reported 107 employees.