Hospice of Holland Inc

Analysis

Hospice of Holland Inc is a registered charity in United States, based in Holland, MI. It received its IRS tax-exemption ruling in August 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 of Holland Inc reported income of $13.9m and spending of $12.4m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.5m to $13.9m (+21%), an average of +4.9% a year. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hospice of Holland Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within MI. Charities of a similar size with the same main cause include Texas Native Health ($13.9m), Scanlan Foundation ($14.0m) and Changing Homelessness Inc ($13.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $390k (3.1% of expenses). Other salaries and wages came to $6.2m. At year end it held assets of $17.8m against liabilities of $1.4m, net assets of $16.4m. It reported 107 employees.