Faith Hospice

Analysis

Faith Hospice is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in June 1994, 32 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Faith Hospice reported income of $26.8m and spending of $24.7m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $24.2m to $26.8m (+11%), an average of +2.6% a year. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Faith Hospice sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MI. Charities of a similar size with the same main cause include Family Health Council of Central Pa Inc ($26.8m), Merrick Medical Center ($26.8m) and California Home for the Aged Inc ($26.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.7% and program service revenue 95% of the total. Other salaries and wages came to $10.6m. At year end it held assets of $26.4m against liabilities of $1.9m, net assets of $24.5m. It reported 278 employees.