Hospice Care of Southwest Michigan

Analysis

Hospice Care of Southwest Michigan is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in January 1982, 44 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Care of Southwest Michigan reported income of $46.4m and spending of $51.3m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $28.8m to $46.4m (+61%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 30%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hospice Care of Southwest Michigan 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 99th percentile, and in the 99th percentile within MI. Charities of a similar size with the same main cause include Central Florida Young Mens Christian Association ($46.4m), United Methodist Memorial Home ($46.5m) and PGP Charitable Fund ($46.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $1.1m (2.2% of expenses). Other salaries and wages came to $27.4m. At year end it held assets of $63.3m against liabilities of $8.5m, net assets of $54.8m. It reported 400 employees.