Lake Superior Hospice Association Inc

Analysis

Lake Superior Hospice Association Inc is a registered charity in United States, based in Marquette, MI. It received its IRS tax-exemption ruling in March 1981, 45 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, Lake Superior Hospice Association Inc reported income of $2.5m and spending of $2.5m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $2.5m (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2021, when income rose by 18%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lake Superior Hospice Association Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within MI. Charities of a similar size with the same main cause include Face to Face ($2.5m), Young Adults with Special Abilities Inc ($2.5m) and Patriots and Paws ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.3% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $158k (6.3% of expenses). Other salaries and wages came to $915k. At year end it held assets of $1.3m against liabilities of $540k, net assets of $753k. It reported 32 employees.