Hospice of Muskegon County Inc

Analysis

Hospice of Muskegon County Inc is a registered charity in United States, based in Muskegon, MI. It received its IRS tax-exemption ruling in May 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 Muskegon County Inc reported income of $10.6m and spending of $11.1m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $12.5m to $10.6m (-15%), an average of -4.0% a year. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hospice of Muskegon County 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 95th percentile, and in the 95th percentile within MI. Charities of a similar size with the same main cause include Fraser Institute ($10.6m), Young Mens Christian Association of Olean Ny and Bradford Pa ($10.7m) and Sea Education Association Inc ($10.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.8% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $509k (4.6% of expenses). Other salaries and wages came to $5.6m. At year end it held assets of $7.3m against liabilities of $2.8m, net assets of $4.5m. It reported 141 employees.