Hospice of Lenawee Inc

Analysis

Hospice of Lenawee Inc is a registered charity in United States, based in Adrian, MI. It received its IRS tax-exemption ruling in July 1982, 44 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 Lenawee Inc reported income of $9.3m and spending of $9.4m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $9.4m to $9.3m (-0.8%), an average of -0.2% a year. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hospice of Lenawee 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 MI. Charities of a similar size with the same main cause include The University of South Alabama Professional Liability Trust Fund ($9.3m), Southeastern Indiana Health Management Inc ($9.3m) and New Glarus Home Inc ($9.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.4% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $389k (4.1% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $10.2m against liabilities of $887k, net assets of $9.3m. It reported 117 employees.