Health Inc Hospice

Analysis

Health Inc Hospice is a registered charity in United States, based in Sioux City, IA. It received its IRS tax-exemption ruling in June 1997, 29 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 June 2023, Health Inc Hospice reported income of $6.6m and spending of $7.3m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $11.7m to $6.6m (-43%), an average of -13% a year. The sharpest change came in the year to June 2022, when income dropped by 34%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Health Inc Hospice sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within IA. Charities of a similar size with the same main cause include Little Company of Mary Ancillary Services Corporation ($6.6m), Waco Family Practice Foundation ($6.6m) and Ohio Living Sarah Moore ($6.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.4% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $109k (1.5% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $9.9m against liabilities of $891k, net assets of $9.0m. It reported 73 employees.