Hospice of Michigan Inc

Analysis

Hospice of Michigan Inc is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in August 1979, 47 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 Michigan Inc reported income of $72.2m and spending of $71.0m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $62.5m to $72.2m (+15%), an average of +3.6% a year. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hospice of Michigan Inc sits at the 99th 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 MI. Charities of a similar size with the same main cause include Mid-South Food Bank ($71.8m), Virginia United Methodist Homes Inc ($72.3m) and Albright Care Services ($71.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.9% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $2.7m (3.8% of expenses). Other salaries and wages came to $30.3m. At year end it held assets of $57.1m against liabilities of $17.8m, net assets of $39.2m. It reported 779 employees.